30-4-4-3. Judgment lien against the trustee or beneficiary

IN Code § 30-4-4-3 (2019) (N/A)
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Sec. 3. (Judgment Lien against the Trustee or Beneficiary)

(a) A judgment against a person individually who may also be a trustee shall not be a lien against the trust estate.

(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.