Indiana Code

Ind. Code § 30-4-8-10 (2026)

Spendthrift provisions

✓ current as of May 2026

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Sec. 10. A spendthrift provision described in section 4(4) of this chapter is considered a restriction on the transfer of the transferor's beneficial interest in the trust that is enforceable under applicable nonbankruptcy law within the meaning of Section 541(c)(2) of the federal Bankruptcy Code (11 U.S.C. 541(c)(2)) or any successor provision of the federal Bankruptcy Code.

As added by P.L.221-2019, SEC.9.

Notes of Decisions

Cited in 1 case, 1989–1989 · leading case: First Bank of Whiting v. Sisters of Mercy Health Corp., 545 N.E.2d 1134 (Ind. Ct. App. 1989).

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First Bank of Whiting v. Sisters of Mercy Health Corp., 545 N.E.2d 1134 (Ind. Ct. App. 1989). · cites it 3× “If the Hospital has a cause of action against the Trustee under IC. § 30-4-8-10(b)(1), it has selected the wrong forum (proceedings supplemental) in which to press this claim.”

— Ind. Code § 30-4-8-10(b)(1) — 1 case

First Bank of Whiting v. Sisters of Mercy Health Corp., 545 N.E.2d 1134 (Ind. Ct. App. 1989). “If the Hospital has a cause of action against the Trustee under IC. § 30-4-8-10(b)(1), it has selected the wrong forum (proceedings supplemental) in which to press this claim.”

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