Indiana Code Title 30. Trusts and Fiduciaries § 30-4-5-21

(1) distribute each taxable year amounts sufficient for such trust to avoid liability for the tax imposed by Section 4942 of the Internal Revenue Code,  2 except that this subdivision shall not apply to split-interest trusts;

(2) not engage in any act of self-dealing (as defined in Section 4941(d) of the Internal Revenue Code)  3 which would subject such trust to liability for the taxes imposed by Section 4941 of the Internal Revenue Code;

(3) not retain any excess business holding (as defined in Section 4943(c) of the Internal Revenue Code)  4 which would subject such trust to liability for the taxes imposed by Section 4943 of the Internal Revenue Code;

(4) not make any investment which would jeopardize the carrying out of any of such trust's exempt purposes (within the meaning of Section 4944 of the Internal Revenue Code)  5 and which would subject such trust to liability for the taxes imposed by Section 4944 of the Internal Revenue Code;  and

(5) not make any taxable expenditure (as defined in Section 4945(d) of the Internal Revenue Code)  6 which would subject such trust to liability for the taxes imposed by Section 4945 of the Internal Revenue Code.