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§ 32-18-1-5 — Indiana Law | CourtGPT
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  3. Indiana/
  4. Title 32 - Property/
  5. Article 18 - Interests of Creditors in Property/
  6. Chapter 1 - Assignment of Real and Personal Property for the Benefit of Creditors32-18-1-1. Assignment of All Debtor's Property in Trust for Creditors; Fraudulent and Void Assignments; Trustees/
  7. § 32-18-1-5
Indiana Legal Code

§ 32-18-1-5

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(a) If the trustee fails to comply with the provisions of sections 1 through 4 of this chapter, the judge of the circuit court, superior court, or probate court, or the clerk of the circuit court may, at the instance of the assignor or a creditor, by petition:(1) remove the trustee; and(2) appoint another suitable person as trustee.(b) A replacement trustee shall:(1) comply with the requirements specified in this chapter;(2) immediately take possession and control of the property assigned; and(3) enter upon the execution of the trust, as provided in this chapter.[Pre-2002 Recodification Citation: 32-12-1-5.]As added by P.L.2-2002, SEC.3. Amended by P.L.84-2016, SEC.137.