Current as of June 08, 2021 | Updated by FindLaw Staff
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Sec. 15.2. (a) This section applies to a trust described in section 2(2) of this chapter.
(b) A trust may have a unitrust rate that represents a reasonable current return from the trust and best serves the purpose of the perpetual care (as defined in IC 23-14-33-30) of the cemetery, but that is not less than three percent (3%) or more than five percent (5%), if the rate is:
(1) agreed upon in writing by the trustee and the owner of the cemetery; or
(2) ordered by the court having jurisdiction of the trust.
Cite this article: FindLaw.com - Indiana Code Title 30. Trusts and Fiduciaries § 30-2-15-15.2 - last updated June 08, 2021 | https://codes.findlaw.com/in/title-30-trusts-and-fiduciaries/in-code-sect-30-2-15-15-2/
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