Ind. Code § 14-31-2-12
Trustee of stewardship trusts
Indiana · Indiana Code Title 14 — Natural and Cultural Resources · Status: effective
Cite this
- Citation
- Ind. Code § 14-31-2-12, Trustee of stewardship trusts, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1635547
- Permanent ID
ys:prov:1635547@1- SHA-256
39311a56e41e71f7e2b9f1680d589d84111da3e5dac316880d41cb7568607ca5
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
Sec. 12. The trustee of trust I and trust II shall do the following:
(1) Accept the following:
(A) Transfers from the fund to trust I and trust II in accordance with this chapter.
(B) Any other unrestricted contribution to the trust.
(2) Invest contributions to trust I to earn the highest interest consistent with prudent management for permanent preservation of principal.
(3) Invest contributions to trust II to earn the highest interest consistent with prudent investment, preservation of principal, and reasonable liquidity.
(4) Distribute the income from trust I and trust II quarterly in accordance with the instructions to be provided by the division under section 15 of this chapter.
(5) Distribute the principal of trust II upon and in accordance with instructions from the division under section 16 of this chapter.