"Charitable interest"
Ind. Code § 30-4-10-7
in effectSec. 7. As used in this chapter, "charitable interest" means an interest in a trust that:
(1) is held by an identified charitable organization and makes the organization a qualified beneficiary;
(2) benefits only a charitable organization and, if the interest were held by an identified charitable organization, would make the organization a qualified beneficiary; or
(3) is held solely for a charitable purpose and, if the interest were held by an identified charitable organization, would make the organization a qualified beneficiary.
As added by P.L.161-2022, SEC.3.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/30Fetched: 10/17/2026