223 chapters · 1,791 sections in this title.
Ind. Code § 32-17-8-1 Application of chapter; reformation of disposition created before May 8, 1991
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Sec. 1. (a) Except as provided in subsection (b), this chapter applies to a nonvested property interest or a power of appointment that is created on or after May 8, 1991. For purposes of this section, a nonvested property interest or a power of appointment created by the exercise…
Ind. Code § 32-17-8-2 Exclusions
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Sec. 2. This chapter does not apply to the following: (1) A nonvested property interest or a power of appointment arising out of a nondonative transfer, except a nonvested property interest or a power of appointment arising out of any of the following: (A) A premarital or postmar…
Ind. Code § 32-17-8-3 Nonvested property interests; powers of appointment; validity
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Sec. 3. (a) A nonvested property interest is valid if: (1) when the interest is created, the interest is certain to vest or terminate not later than twenty-one (21) years after the death of an individual then alive; or (2) the interest either vests or terminates within three hund…
Ind. Code § 32-17-8-3.5 Trust; subsequent power of appointment created by initial appointment
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Sec. 3.5. When an initial power of appointment in a trust is exercised to create a subsequent power of appointment or nonvested property interest, the subsequent power of appointment or nonvested property interest created through the exercise of the initial power of appointment i…