Skip to main content

Indiana Code Title 32. Property § 32-17-14-10

Welcome to FindLaw's Cases & Codes, a free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.

Sec. 10. (a) A written assignment of a contract right that:

(1)?assigns the right to receive any performance remaining due under the contract to an assignee designated by the owner; ?and

(2)?expressly states that the assignment does not take effect until the death of the owner;

transfers the right to receive performance due under the contract to the designated assignee beneficiary if the assignment satisfies the requirements of subsection (b).

(b)?A written assignment described in subsection (a) is effective upon the death of the owner if the assignment is:

(1)?executed; ?and


to the contract obligor before the death of the owner.

(c)?A beneficiary assignment described in this section is not required to be supported by consideration or delivered to the assignee beneficiary.

(d)?This section does not preclude other methods of assignment that are permitted by law and have the effect of postponing the enjoyment of the contract right until after the death of the owner.

Cite this article: - Indiana Code Title 32. Property § 32-17-14-10 - last updated June 08, 2021 |

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.

Copied to clipboard