Research About Meet PRIA

Support Data Sources Privacy Policy Terms of Service Your Privacy Choiceshello@policyrisk.com

© 2026 PRIA Technologies, LLC. All rights reserved.

PRIA provides educational policy intelligence and is not a source of investment, legal, or financial advice. Content is for informational purposes only.

™

Your Policy Risk Impact Agent

Research

At My Address
Federal Courts
Daily Briefings
Medicare & Social Security
Congressional Bills
Federal Register
Tariffs
Fed Decisions & The Economy
State Tracker
World Watch
U.S. Code
U.S. Constitution

Knowledge

Search Polipedia
Daily Briefings
Calculators
What is Policy Risk?
The Countdown

Company

About PRIA
Support

Get PRIA

Support Data Sources Privacy Policy Terms of Service Your Privacy Choices

hello@policyrisk.com

© 2026 PRIA Technologies, LLC. All rights reserved.

PRIA is a trademark of PRIA Technologies, LLC.

PRIA provides educational policy intelligence and is not a source of investment, legal, or financial advice. Content is for informational purposes only.

Indiana Statutes, Title 30

™

Your Policy Risk Impact Agent

Indiana/Statutes

← All Indiana coverage

Title 30, TRUSTS AND FIDUCIARIES

47 chapters · 680 sections in this title.

All chapters in Title 30680 Ch 10, Funeral Trust Funds76 Ch 3, Bond of Fiduciary in Judicial Sale53 Ch 5, Other Investments by Fiduciaries51 Ch 14, Uniform Principal and Income Act46 Ch 9, Resulting Trusts and Powers44 Ch 13, Payment of Funeral, Burial Services,…42 Ch 8.5, Indiana Uniform Transfers to Minors Act40 Ch 8.6, Uniform Custodial Trust Act39 Ch 2, Sales of Securities38 Ch 4, Investments in Inter-American Develo…32 Ch 6, Oil, Gas, and Mineral Leases32 Ch 8, Common Trust Funds30 Ch 7, Mining Contracts Executed by Guardians29 Ch 15, Total Return Unitrusts27

13 sections·Filtered byTitle 30✕Ch 3.5✕

Ind. Code § 30-4-3.5-1 Compliance with prudent investor rule
1.0K chars
Sec. 1. (a) Except as otherwise provided in subsection (b), a trustee who invests and manages trust assets owes a duty to the beneficiaries of the trust to comply with the prudent investor rule set forth in this chapter. (b) The prudent investor rule, a default rule, may be expan…
Ind. Code § 30-4-3.5-10 Authorization of investments or strategies
0.9K chars
Sec. 10. The following terms or comparable language in the provisions of a trust, unless otherwise limited or modified, authorizes any investment or strategy permitted under this chapter: (1) "Investments permissible by law for investment of trust funds". (2) "Legal investments".…
Ind. Code § 30-4-3.5-11 Applicability of chapter
0.2K chars
Sec. 11. This chapter applies to trusts existing on and created after June 30, 1999. As applied to trusts existing on June 30, 1999, this chapter governs only decisions or actions occurring after June 30, 1999. As added by P.L.137-1999, SEC.3.
Ind. Code § 30-4-3.5-12 Purpose of chapter
0.2K chars

Sec. 12. This chapter shall be applied and construed to effectuate its general purpose to make uniform the law with respect to the subject of this chapter among the states enacting it. As added by P.L.137-1999, SEC.3.

Ind. Code § 30-4-3.5-13 Short title

0.1K chars

Sec. 13. This chapter may be cited as the "Indiana Uniform Prudent Investor Act". As added by P.L.137-1999, SEC.3.

Ind. Code § 30-4-3.5-2 Prudent investor rule

2.1K chars

Sec. 2. (a) A trustee shall invest and manage trust assets as a prudent investor would, by considering the purposes, terms of the trust, distribution requirements, and other circumstances of the trust. In satisfying this standard, the trustee shall exercise reasonable care, skill…

Ind. Code § 30-4-3.5-3 Diversification of investments

0.2K chars

Sec. 3. A trustee shall diversify the investments of the trust unless the trustee reasonably determines that, because of special circumstances, the purposes of the trust are better served without diversifying. As added by P.L.137-1999, SEC.3.

Ind. Code § 30-4-3.5-4 Review of trust assets

0.5K chars

Sec. 4. Within a reasonable time after accepting a trusteeship or receiving trust assets, a trustee shall review the trust assets and make and implement decisions concerning the retention and disposition of assets in order to bring the trust portfolio into compliance with the pur…

Ind. Code § 30-4-3.5-5 Trust managed in interest of beneficiaries

0.1K chars

Sec. 5. A trustee shall invest and manage the trust assets solely in the interest of the beneficiaries. As added by P.L.137-1999, SEC.3.

Ind. Code § 30-4-3.5-6 Impartial management

0.2K chars

Sec. 6. If a trust has at least two (2) beneficiaries, the trustee shall act impartially in investing and managing the trust assets, taking into account any differing interests of the beneficiaries. As added by P.L.137-1999, SEC.3.

Ind. Code § 30-4-3.5-7 Costs

0.2K chars

Sec. 7. In investing and managing trust assets, a trustee may only incur costs that are appropriate and reasonable in relation to the assets, the purposes of the trust, and the skills of the trustee. As added by P.L.137-1999, SEC.3.

Ind. Code § 30-4-3.5-8 Determination of compliance with prudent investor rule

0.2K chars

Sec. 8. Compliance with the prudent investor rule is determined in light of the facts and circumstances existing at the time of a trustee's decision or action and not by hindsight. As added by P.L.137-1999, SEC.3.

Ind. Code § 30-4-3.5-9 Delegation of functions by trustee

0.9K chars

Sec. 9. (a) A trustee may delegate investment and management functions that a prudent trustee of comparable skills could properly delegate under the circumstances. The trustee shall exercise reasonable care, skill, and caution in: (1) selecting an agent; (2) establishing the scop…