30-2-14-10. "Principal" defined

IN Code § 30-2-14-10 (2019) (N/A)
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Sec. 10. As used in this chapter, "principal" means property that is held in trust for distribution to a remainder beneficiary when the trust terminates or that will remain perpetually vested in the trustee.

As added by P.L.84-2002, SEC.2.