Ind. Code § 30-2-14-7 – "Mandatory income interest" defined | Midpage
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Ind. Code § 30-2-14-7
"Mandatory income interest" defined
As added by P.L.84-2002, SEC.2.
As used in this chapter, "mandatory income interest" means the right of an income beneficiary to receive net income that the terms of the trust require the fiduciary to distribute.