Indiana Code
Ind. Code § 30-4-3.5-4 (2026)
Review of trust assets
✓ current as of May 2026
Sec. 4. Within a reasonable time after accepting a trusteeship or receiving trust assets, a trustee shall review the trust assets and make and implement decisions concerning the retention and disposition of assets in order to bring the trust portfolio into compliance with the purposes, terms of the trust, distribution requirements, and other circumstances of the trust, and with the requirements of this chapter.
As added by P.L.137-1999, SEC.3. Amended by P.L.51-2014, SEC.24.
Notes of Decisions
Cited in 2
cases, 2011–2015 · leading case: Eiteljorg v. Eiteljorg, 951 N.E.2d 565 (Ind. Ct. App. 2011).
Eiteljorg v. Eiteljorg, 951 N.E.2d 565 (Ind. Ct. App. 2011). “9) to bring the trust portfolio into compliance with the purposes, terms, distribution requirements, and other circumstances of the trust, Ind.Code § 30-4-3.5-4. 10) to invest and manage the trust assets solely in the interest of the beneficiaries, Ind.”
In the Matter of the Irrevocable Trust of Mary Ruth Moeder Susan R. Moeder v. Salin Bank & Trust Co., 27 N.E.3d 1089 (Ind. Ct. App. 2015). “” I.C. §30-4-3.5-4. The Act therefore demands only that the initial review occur within a “reasonable time.”
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