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§ 30-4-4-3 — Indiana Law | CourtGPT
  1. Home/
  2. Laws/
  3. Indiana/
  4. Title 30 - Trusts and Fiduciaries/
  5. Article 4 - Trust Code/
  6. Chapter 4 - Rules Governing the Rights of Third Parties30-4-4-1. Presumption of Trustee's Authority/
  7. § 30-4-4-3
Indiana Legal Code

§ 30-4-4-3

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(b) When trust property is properly sold or disposed of by the trustee to a third person, the liens against a beneficiary's interest in the trust estate, if any, will be divested from that property and will attach to the interest of that beneficiary in the proceeds from its sale or other disposition.Formerly: Acts 1971, P.L.416, SEC.5.