30-2-14-4. "Income" defined

IN Code § 30-2-14-4 (2019) (N/A)
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Sec. 4. As used in this chapter, "income" means money or property that a fiduciary receives as current return from a principal asset. The term includes a portion of receipts from a sale, exchange, or liquidation of a principal asset, to the extent provided in sections 21 through 35 of this chapter.

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