Ind. Code § 30-2-6-3
Termination of trust; limitation of actions
Indiana · Indiana Code Title 30 — Trusts and Fiduciaries · Status: effective
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- Citation
- Ind. Code § 30-2-6-3, Termination of trust; limitation of actions, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1668043
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Full text
Sec. 3. No rule of law against perpetuities or suspension of the power of alienation of the title to property, or the accumulation of income, shall operate to invalidate any trust created or attempted to be created before September 10, 1949, by an employer as part of a stock bonus, pension, disability, death benefit, or profit-sharing plan for the benefit of some or all of his employees, to which contributions are made by the employer or employees or both for the earnings and principal of the fund held in trust, unless the trust is terminated by a court of competent jurisdiction in a suit instituted before September 11, 1950.