§ 30-4-10-7

As used in this chapter, 'charitable interest' means an interest in a trust that:(1) is held by an identified charitable organization and makes the organization a qualified beneficiary;(2) benefits only a charitable organization and, if the interest were held by an identified charitable organization, would make the organization a qualified beneficiary; or(3) is held solely for a charitable purpose and, if the interest were held by an identified charitable organization, would make the organization a qualified beneficiary.As added by P.L.161-2022, SEC.3.