IC 30-4-10-5 : "Beneficiary"

Sec. 5. As used in this chapter, "beneficiary" means a person that:

(1) has a present or future, vested or contingent, beneficial interest in a trust;

(2) holds a power of appointment over trust property; or

(3) is an identified charitable organization that may receive distributions under the terms of the trust.

As added by P.L.161-2022, SEC.3.