Indiana Code Title 30. Trusts and Fiduciaries § 30-4-10-45

Sec. 45. (a) An authorized fiduciary may not exercise the decanting power to the extent the first-trust instrument expressly prohibits exercise of:

(b) Exercise of the decanting power is subject to a restriction in the first-trust instrument that expressly applies to exercise of:

(c) The decanting power of an authorized fiduciary is not precluded by:

(d) Subject to subsections (a) and (b), an authorized fiduciary may exercise the decanting power under this chapter even if the first-trust instrument permits the authorized fiduciary or another person to modify the first-trust instrument or to distribute the principal of the first trust to another trust.

(e) If a first-trust instrument contains an express prohibition described in subsection (a) or an express restriction described in subsection (b), the provision must be included in the second-trust instrument.