Indiana Code Title 30. Trusts and Fiduciaries § 30-2-15-15

Sec. 15. (a) This section applies to a trust described in section 2(1) of this chapter.

(b) When a trustee gives notice of a proposed action under section 10(a)(1)(A) of this chapter to convert a trust to a unitrust, the trustee must include the unitrust rate in the notice of proposed action.

(c) If:

the unitrust rate must be four percent (4%).

(d) A trust may have a unitrust rate that represents a reasonable current return from the trust and best reflects the goals of the trust and the intent of the settlor or testator, but that is not less than three percent (3%) or more than five percent (5%), if the rate is: