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Indiana Code Title 32. Property § 32-18-1-5

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 5. (a) If the trustee fails to comply with the provisions of sections 1 through 4 of this chapter, the judge of the circuit court, superior court, or probate court, or the clerk of the circuit court may, at the instance of the assignor or a creditor, by petition:

(1) remove the trustee;  and

(2) appoint another suitable person as trustee.

(b) A replacement trustee shall:

(1) comply with the requirements specified in this chapter;

(2) immediately take possession and control of the property assigned;  and

(3) enter upon the execution of the trust, as provided in this chapter.

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Cite this article: FindLaw.com - Indiana Code Title 32. Property § 32-18-1-5 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-32-property/in-code-sect-32-18-1-5/

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