LegalFix
Sign In

30-4-1.5-9. "Destroy"; destruction of electronic trust instrument

IN Code § 30-4-1.5-9 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

Sec. 9. (a) As used in this section, "destroy" means any action that:

(1) permanently deletes the electronic record associated with an electronic trust instrument; or

(2) renders the electronic record associated with an electronic trust instrument unreadable and nonretrievable.

(b) Any custodian or attorney holding an electronic trust instrument may destroy the electronic record associated with the electronic trust instrument and any accompanying document integrity evidence at any time after the:

(1) fifth anniversary of any will belonging to the settlor is admitted to probate;

(2) fifth anniversary of the date on which the custodian ceases to have custody of the electronic trust instrument;

(3) tenth anniversary of the settlor's death;

(4) one hundredth anniversary of the execution of the electronic trust instrument; or

(5) valid revocation of the electronic trust instrument.

(c) Notwithstanding subsection (b), this section does not require a custodian, attorney, or other person in possession of a complete converted copy of an electronic trust instrument to destroy the complete converted copy of the electronic trust instrument.

As added by P.L.40-2018, SEC.3.

Previous Section
30-4-1.5-8. Delivery of electronic trust following death of settlor
Next Section
30-4-1.5-10. Affidavit of regularity