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§ 30-2-15-15-2 — Indiana Law | CourtGPT
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  2. Laws/
  3. Indiana/
  4. Title 30 - Trusts and Fiduciaries/
  5. Article 2 - General Provisions/
  6. Chapter 15 - Total Return Unitrusts30-2-15-1. "Current Valuation Year"/
  7. § 30-2-15-15-2
Indiana Legal Code

§ 30-2-15-15-2

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(b) A trust may have a unitrust rate that represents a reasonable current return from the trust and best serves the purpose of the perpetual care (as defined in IC 23-14-33-30) of the cemetery, but that is not less than three percent (3%) or more than five percent (5%), if the rate is:(1) agreed upon in writing by the trustee and the owner of the cemetery; or(2) ordered by the court having jurisdiction of the trust.As added by P.L.33-2019, SEC.12.