"Income interest" defined

Ind. Code § 30-2-14-6, under Uniform Principal and Income Act.

Ind. Code § 30-2-14-6

Sec. 6. As used in this chapter, "income interest" means the right of an income beneficiary to receive all or part of net income, whether the terms of the trust require it to be distributed

or authorize it to be distributed in the trustee's discretion. As added by P.L.84-2002, SEC.2.