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IC
30-4-2-18.
(a) A
trust may be created to provide for the care of an
animal alive during the settlor's lifetime.
(b) A
trust authorized by this section terminates as
follows:
(1) If the trust is created to provide for the care
of one (1) animal alive during the settlor's
lifetime, the trust terminates on the death of the
animal.
(2) If
the trust is created to provide for the care of more
than one (1) animal alive during the settlor's
lifetime, the trust terminates on the death of the
last surviving animal.
(c) A
trust authorized by this section may be enforced by
the following:
(1)
A person appointed in the terms of the trust.
(2) A person appointed by the court, if the terms of
the trust do not appoint a person.
(d) A
person having an interest in the welfare of an
animal or whose care a trust is established may
request the court to:
(1) appoint a person to enforce the trust; or
(2) remove a person appointed to enforce the trust.
(e) Property of the trust authorized by this section
may be applied only to the trust's intended use,
except to the extent the court determines that the
value of the trust property exceeds the amount
required for the trust's intended use.
(f)
Except as provided in the terms of the trust,
property not required for the trust's intended use
must be distributed to the following:
(1) The settlor, if the settlor is living.
(2) The settlor's successors in interest, if the
settlor is deceased.
(Added by P.L. 238-2005,
Section 26, effective July 1, 2005.) |