reglab/housing_qa huggingface dataset:
IN Code § 30-2-13-31 (2021)
2021 Indiana Code|Title 30. Trusts and Fiduciaries|Article 2. General Provisions|Chapter 13. Payment of Funeral, Burial Services, or Merchandise in Advance of Need|30-2-13-31. Annual Report

Sec. 31. (a) A seller who is required to register under this article, a cemetery under IC 25-15-9-17, a funeral home under IC 25-15, and a perpetual care fund under IC 23-14-48 shall file an annual report with the board that provides the following information:(1) The name and location of each seller, cemetery, funeral home, and perpetual care fund.(2) The name and business address of the owner and the names and business addresses of the resident agent and chief officer if the owner is not a natural person.(3) If a cemetery, the amount of funds received by the owner during the previous fiscal year that are subject to trust requirements set forth in IC 23-14-48 and the amount required to be placed in trust, the amount of funds actually placed in trust to satisfy the requirements of IC 23-14-48, the name and address of the trustee, and if the funds are not held in trust by a corporate trustee, the name of the corporate surety and the amount of the trustee's fidelity bond as required by IC 23-14-51-4.(4) The amount of money or identity of other property received subject to the trust or escrow requirements of this chapter, the amount required to be placed in trust or escrow, the amount actually placed in trust or escrow, and the name and address of the trustee.(5) For a holder of a certificate of authority under section 33 of this chapter, the information that is listed in section 33(b)(2) through 33(b)(4) of this chapter.(b) The annual report required by this section must meet the following requirements:(1) Be made on a form prescribed and furnished by the board.(2) Be signed by the owner if an individual or by the president or vice president and the treasurer or secretary if the owner is not an individual.(3) Be notarized and affirmed under penalties of perjury by the individuals signing the annual report.(4) Be filed in the office of the board by the seller not later than ninety (90) days after the end of the seller's fiscal year.(5) Be accompanied by an annual fee of ten dollars ($10) if the seller is a funeral home or cemetery.(6) Be accompanied by the fee required by section 27 of this chapter.(c) Each geographic location of a seller is a separate and distinct business and requires a separate report.(d) The board may suspend the certificate of authority of a seller who fails to file the seller's annual report within the period required under this section.As added by P.L.200-1991, SEC.1. Amended by P.L.207-1993, SEC.32; P.L.241-1995, SEC.13; P.L.52-1997, SEC.55; P.L.195-1997, SEC.3; P.L.253-1997(ss), SEC.28.
IN Code § 30-2-13-32 (2021)
2021 Indiana Code|Title 30. Trusts and Fiduciaries|Article 2. General Provisions|Chapter 13. Payment of Funeral, Burial Services, or Merchandise in Advance of Need|30-2-13-32. General Price List

Sec. 32. A seller of:(1) prepaid services or merchandise; or(2) at-need services or merchandise;shall maintain for display or on request at the seller's place of business and in the possession of an agent appointed by the seller a fully detailed general price list of all prepaid and at-need services or merchandise offered by the seller. The seller shall make this list available to any individual requesting price information.As added by P.L.200-1991, SEC.1. Amended by P.L.207-1993, SEC.33; P.L.241-1995, SEC.14.
IN Code § 30-2-13-33 (2021)
2021 Indiana Code|Title 30. Trusts and Fiduciaries|Article 2. General Provisions|Chapter 13. Payment of Funeral, Burial Services, or Merchandise in Advance of Need|30-2-13-33. Certificates of Authority

Sec. 33. (a) A seller may not sell or provide prepaid services or merchandise or a contract designed to provide a funding mechanism to be used in conjunction with the purchase of prepaid services or merchandise under this chapter without first obtaining a certificate of authority from the board. However, an employee of a seller is exempt from subsections (b) and (c).(b) A seller who seeks a certificate of authority must submit a statement to the board that includes the following:(1) The seller's name and the address of the place of business.(2) Information considered necessary by the board to show evidence of the seller's good moral character, reputation for fair dealing in business matters, and lack of a criminal record.(3) The name, address, and Social Security number of each person authorized to directly represent the seller as an agent.(4) A statement by the seller notarized and affirmed under the penalties for perjury that all payments required under section 27 of this chapter have been made.(c) Upon issuance, the certificate of authority shall be posted conspicuously in the seller's place of business.(d) A seller holding a certificate of authority or an agent of a seller who engages in door-to-door solicitation shall present a copy of the certificate of authority upon entry onto the premises of a prospective purchaser.(e) A certificate of authority issued under this chapter expires annually on March 1.(f) The board may renew a certificate of authority upon receipt of an application for renewal that includes the information listed in subsection (b).As added by P.L.200-1991, SEC.1. Amended by P.L.207-1993, SEC.34; P.L.173-1996, SEC.16; P.L.195-1997, SEC.4; P.L.84-1998, SEC.27.
IN Code § 30-2-13-34 (2021)
2021 Indiana Code|Title 30. Trusts and Fiduciaries|Article 2. General Provisions|Chapter 13. Payment of Funeral, Burial Services, or Merchandise in Advance of Need|30-2-13-34. Rules

Sec. 34. The board may adopt rules under IC 4-22-2 to implement this chapter.As added by P.L.200-1991, SEC.1.
IN Code § 30-2-13-35 (2021)
2021 Indiana Code|Title 30. Trusts and Fiduciaries|Article 2. General Provisions|Chapter 13. Payment of Funeral, Burial Services, or Merchandise in Advance of Need|30-2-13-35. Seller Misrepresentation

Sec. 35. It is a violation of this chapter for a seller to misrepresent the character, quality, durability, or suitability for a specific or an intended purpose of services or merchandise offered for sale to a purchaser.As added by P.L.200-1991, SEC.1.
IN Code § 30-2-13-36 (2021)
2021 Indiana Code|Title 30. Trusts and Fiduciaries|Article 2. General Provisions|Chapter 13. Payment of Funeral, Burial Services, or Merchandise in Advance of Need|30-2-13-36. Suspension of Certificates of Authority; Fines

Sec. 36. The board may suspend the certificate of authority of a seller who violates a provision of this chapter. The board may suspend the certificate of authority of a seller who intentionally violates section 12.5 of this chapter for at least one (1) year. The board may assess a seller a fine of not more than ten thousand dollars ($10,000) for each violation of section 12.5, 13, 15, 21, 23, 24, or 25 of this chapter to be added to the fund established under section 28 of this chapter.As added by P.L.200-1991, SEC.1. Amended by P.L.114-1999, SEC.18.
IN Code § 30-2-13-38 (2021)
2021 Indiana Code|Title 30. Trusts and Fiduciaries|Article 2. General Provisions|Chapter 13. Payment of Funeral, Burial Services, or Merchandise in Advance of Need|30-2-13-38. Uncured Deceptive Acts; Violations; Injunctive Relief; Private Right of Action

Sec. 38. (a) A seller who violates a provision of this chapter commits an uncured deceptive act (as defined in IC 24-5-0.5-2).(b) A person doing business as a sole proprietor, a firm, a limited liability company, a corporation, an association, or a partnership, but not acting as a seller that:(1) sells or advertises prepaid services or merchandise or services or merchandise (as defined in section 8 of this chapter) and fails to obtain the certificate of authority required by section 33 of this chapter; or(2) sells or advertises prepaid services or merchandise or services or merchandise (as defined in section 8 of this chapter) after the entity's certificate of authority has:(A) expired; or(B) been rescinded, revoked, or suspended by the board;commits a Class A misdemeanor. Each act committed in violation of this subsection constitutes a separate offense.(c) The following may maintain an action to enjoin an individual or entity from continuing to violate this section:(1) The board.(2) The attorney general.(3) The prosecuting attorney of a county in which a violation occurs.(d) A purchaser has a private right of action against a seller who commits an uncured deceptive act.(e) A trustee or escrow agent, acting as a fiduciary, that disburses funds in a trust or escrow account established under this chapter without verifying that the seller has delivered the services or merchandise for which the funds were deposited through the use of documentation required under rules adopted by the state board of funeral and cemetery service established by IC 25-15-9-1 commits a Class A infraction.(f) A person who knowingly or intentionally uses or disburses funds in a trust or escrow account established under this chapter for purposes other than the purposes required under this chapter commits a Level 5 felony.As added by P.L.114-1999, SEC.19. Amended by P.L.61-2008, SEC.10; P.L.143-2009, SEC.18; P.L.158-2013, SEC.306.
IN Code § 30-2-13-39 (2021)
2021 Indiana Code|Title 30. Trusts and Fiduciaries|Article 2. General Provisions|Chapter 13. Payment of Funeral, Burial Services, or Merchandise in Advance of Need|30-2-13-39. Prohibited Relationships Between Sellers and Trustees or Escrow Agents

Sec. 39. (a) This section does not apply to a trust funded by the method described in section 11(c) of this chapter.(b) A seller may not be an affiliate, a parent, or a subsidiary organization of the trustee or escrow agent, acting as a fiduciary, of a trust or escrow account established after June 30, 2008, to hold consideration paid for services or merchandise subject to a contract entered into under this chapter by the seller and a purchaser.As added by P.L.61-2008, SEC.11.
IN Code § 30-2-14-0.1 (2021)
2021 Indiana Code|Title 30. Trusts and Fiduciaries|Article 2. General Provisions|Chapter 14. Uniform Principal and Income Act|30-2-14-0.1. Application of Chapter; Application of Certain Amendments to Chapter

Sec. 0.1. (a) This chapter applies to the following:(1) Every trust existing on or created after January 1, 2003, except as otherwise expressly provided in this chapter or by the terms of the trust.(2) Every decedent's estate existing on or created after January 1, 2003, to the extent that under other applicable law or the decedent's will, the personal representative of the estate is required or allowed to account for and distribute income received during administration of the estate separately from the corpus.(b) The amendments made to section 31 of this chapter by P.L.143-2009 apply to a trust described in section 31(h) of this chapter, on and after the following dates:(1) If the trust is not funded as of July 1, 2009, the date of the decedent's death.(2) If the trust is initially funded in the calendar year beginning January 1, 2009, the date of the decedent's death.(3) If the trust is not described in subdivision (1) or (2), January 1, 2009.(c) The amendments made to this section and to sections 3, 12, 14, 18, 19, 20, 21, and 38 of this chapter and the addition of section 13.5 of this chapter by legislation enacted in the 2014 regular session of the general assembly apply to the following:(1) The estate of a decedent dying on or after July 1, 2013.(2) In the case of a trust existing on or created after January 1, 2003:(A) to the principal and income receipts of the trust; and(B) to distributions received and made by the trust before, on, or after July 1, 2013.As added by P.L.220-2011, SEC.486. Amended by P.L.51-2014, SEC.8.
IN Code § 30-2-14-1 (2021)
2021 Indiana Code|Title 30. Trusts and Fiduciaries|Article 2. General Provisions|Chapter 14. Uniform Principal and Income Act|30-2-14-1. "Accounting Period" Defined

Sec. 1. As used in this chapter, "accounting period" means a calendar year unless another twelve (12) month period is selected by a fiduciary. The term includes a portion of a calendar year or other twelve (12) month period that begins when an income interest begins or ends when an income interest ends.As added by P.L.84-2002, SEC.2.
IN Code § 30-2-14-2 (2021)
2021 Indiana Code|Title 30. Trusts and Fiduciaries|Article 2. General Provisions|Chapter 14. Uniform Principal and Income Act|30-2-14-2. "Beneficiary" Defined

Sec. 2. As used in this chapter, "beneficiary" includes, in the case of:(1) a decedent's estate, an heir, and a devisee; and(2) a trust, an income beneficiary, and a remainder beneficiary.As added by P.L.84-2002, SEC.2.
IN Code § 30-2-14-3 (2021)
2021 Indiana Code|Title 30. Trusts and Fiduciaries|Article 2. General Provisions|Chapter 14. Uniform Principal and Income Act|30-2-14-3. "Fiduciary"

Sec. 3. As used in this chapter, "fiduciary" means the following:(1) A personal representative, including an executor, an administrator, a successor personal representative, a special administrator, or a person performing substantially the same function with respect to a decedent's estate that meets the requirements of section 13.5 of this chapter.(2) A trustee.As added by P.L.84-2002, SEC.2. Amended by P.L.51-2014, SEC.9.
IN Code § 30-2-14-4 (2021)
2021 Indiana Code|Title 30. Trusts and Fiduciaries|Article 2. General Provisions|Chapter 14. Uniform Principal and Income Act|30-2-14-4. "Income" Defined

Sec. 4. As used in this chapter, "income" means money or property that a fiduciary receives as current return from a principal asset. The term includes a portion of receipts from a sale, exchange, or liquidation of a principal asset, to the extent provided in sections 21 through 35 of this chapter.As added by P.L.84-2002, SEC.2.
IN Code § 30-2-14-5 (2021)
2021 Indiana Code|Title 30. Trusts and Fiduciaries|Article 2. General Provisions|Chapter 14. Uniform Principal and Income Act|30-2-14-5. "Income Beneficiary" Defined

Sec. 5. As used in this chapter, "income beneficiary" means a person to whom net income of a trust is or may be payable.As added by P.L.84-2002, SEC.2.
IN Code § 30-2-14-6 (2021)
2021 Indiana Code|Title 30. Trusts and Fiduciaries|Article 2. General Provisions|Chapter 14. Uniform Principal and Income Act|30-2-14-6. "Income Interest" Defined

Sec. 6. As used in this chapter, "income interest" means the right of an income beneficiary to receive all or part of net income, whether the terms of the trust require it to be distributed or authorize it to be distributed in the trustee's discretion.As added by P.L.84-2002, SEC.2.
IN Code § 30-2-14-7 (2021)
2021 Indiana Code|Title 30. Trusts and Fiduciaries|Article 2. General Provisions|Chapter 14. Uniform Principal and Income Act|30-2-14-7. "Mandatory Income Interest" Defined

Sec. 7. As used in this chapter, "mandatory income interest" means the right of an income beneficiary to receive net income that the terms of the trust require the fiduciary to distribute.As added by P.L.84-2002, SEC.2.
IN Code § 30-2-14-8 (2021)
2021 Indiana Code|Title 30. Trusts and Fiduciaries|Article 2. General Provisions|Chapter 14. Uniform Principal and Income Act|30-2-14-8. "Net Income" Defined

Sec. 8. As used in this chapter, "net income" means the total receipts allocated to income during an accounting period minus the disbursements made from income during the period, plus or minus transfers under this chapter to or from income during the period.As added by P.L.84-2002, SEC.2.
IN Code § 30-2-14-9 (2021)
2021 Indiana Code|Title 30. Trusts and Fiduciaries|Article 2. General Provisions|Chapter 14. Uniform Principal and Income Act|30-2-14-9. "Person" Defined

Sec. 9. As used in this chapter, "person" means an individual, corporation, business trust, estate, trust, partnership, limited liability company, association, joint venture, government; governmental subdivision, agency, or instrumentality; public corporation, or any other legal or commercial entity.As added by P.L.84-2002, SEC.2.
IN Code § 30-2-14-10 (2021)
2021 Indiana Code|Title 30. Trusts and Fiduciaries|Article 2. General Provisions|Chapter 14. Uniform Principal and Income Act|30-2-14-10. "Principal" Defined

Sec. 10. As used in this chapter, "principal" means property that is held in trust for distribution to a remainder beneficiary when the trust terminates or that will remain perpetually vested in the trustee.As added by P.L.84-2002, SEC.2.
IN Code § 30-2-14-11 (2021)
2021 Indiana Code|Title 30. Trusts and Fiduciaries|Article 2. General Provisions|Chapter 14. Uniform Principal and Income Act|30-2-14-11. "Remainder Beneficiary" Defined

Sec. 11. As used in this chapter, "remainder beneficiary" means a person entitled to receive principal when an income interest ends.As added by P.L.84-2002, SEC.2.
IN Code § 30-2-14-12 (2021)
2021 Indiana Code|Title 30. Trusts and Fiduciaries|Article 2. General Provisions|Chapter 14. Uniform Principal and Income Act|30-2-14-12. "Terms of a Trust"

Sec. 12. As used in this chapter, "terms of a trust" means the manifestation of the intent of:(1) a settlor with respect to a trust; or(2) a decedent with respect to a trust established under the decedent's will;expressed in a manner that admits of its proof in a judicial proceeding, whether by written or spoken words or by conduct.As added by P.L.84-2002, SEC.2. Amended by P.L.51-2014, SEC.10.
IN Code § 30-2-14-13 (2021)
2021 Indiana Code|Title 30. Trusts and Fiduciaries|Article 2. General Provisions|Chapter 14. Uniform Principal and Income Act|30-2-14-13. "Trustee" Defined

Sec. 13. As used in this chapter, "trustee" includes an original, additional, or successor trustee, whether or not appointed or confirmed by a court.As added by P.L.84-2002, SEC.2.
IN Code § 30-2-14-13.5 (2021)
2021 Indiana Code|Title 30. Trusts and Fiduciaries|Article 2. General Provisions|Chapter 14. Uniform Principal and Income Act|30-2-14-13.5. Personal Representative as a Fiduciary

Sec. 13.5. A personal representative, including an executor, an administrator, a successor personal representative, a special administrator, or a person performing substantially the same function with respect to a decedent's estate, is a fiduciary for purposes of this chapter if:(1) under the terms of a decedent's will this chapter applies to the administration of the estate; or(2) under other applicable law, the personal representative is required or allowed to account for and distribute income received during administration of the estate separately from the corpus of the estate.As added by P.L.51-2014, SEC.11.
IN Code § 30-2-14-14 (2021)
2021 Indiana Code|Title 30. Trusts and Fiduciaries|Article 2. General Provisions|Chapter 14. Uniform Principal and Income Act|30-2-14-14. Allocating Receipts and Disbursements Between Principal and Income

Sec. 14. (a) The following applies to a fiduciary in allocating receipts and disbursements to or between principal and income, and with respect to any matter within the scope of this chapter:(1) A fiduciary shall administer a trust or estate in accordance with the terms of the trust or the will, even if there is a different provision in this chapter.(2) A fiduciary may administer a trust or estate by the exercise of a discretionary power of administration given to the fiduciary by the terms of the trust or the will, even if the exercise of the power produces a result different from a result required or permitted by this chapter. An inference that the fiduciary has improperly exercised the discretion does not arise from the fact that the fiduciary has made or has not made an allocation contrary to a provision of this chapter.(3) A fiduciary shall administer a trust in accordance with this chapter if the terms of the trust do not contain a different provision or do not give the fiduciary a discretionary power of administration.(4) A fiduciary shall add a receipt or charge a disbursement to principal to the extent that the terms of the trust or the will and this chapter do not provide a rule for allocating the receipt or disbursement to or between principal and income.(b) In exercising the power to adjust under section 15 of this chapter or a discretionary power of administration regarding a matter within the scope of this chapter, whether granted by the terms of a trust, a will, or this chapter, a fiduciary shall administer a trust or an estate impartially, based on what is fair and reasonable to all of the beneficiaries, except to the extent that the terms of the trust or the will clearly manifest an intention that the fiduciary shall or may favor one (1) or more of the beneficiaries. A determination in accordance with this chapter is presumed to be fair and reasonable to all of the beneficiaries.As added by P.L.84-2002, SEC.2. Amended by P.L.51-2014, SEC.12.
IN Code § 30-2-14-19 (2021)
2021 Indiana Code|Title 30. Trusts and Fiduciaries|Article 2. General Provisions|Chapter 14. Uniform Principal and Income Act|30-2-14-19. Beneficiary's Share of Net Income

Sec. 19. (a) Each beneficiary described in section 18(a)(4) of this chapter is entitled to receive a portion of the net income equal to the beneficiary's fractional interest in undistributed principal assets, using values as of the distribution date. If a fiduciary makes more than one (1) distribution of assets to beneficiaries to whom this section applies, each beneficiary, including a beneficiary who does not receive part of the distribution, is entitled, as of each distribution date, to the net income the fiduciary has received after the date of death or terminating event or earlier distribution date but has not distributed as of the current distribution date.(b) In determining a beneficiary's share of net income, the following rules apply:(1) The beneficiary is entitled to receive a portion of the net income equal to the beneficiary's fractional interest in the undistributed principal assets immediately before the distribution date, including assets that later may be sold to meet principal obligations.(2) The beneficiary's fractional interest in the undistributed principal assets must be calculated without regard to property specifically given to a beneficiary and property required to pay pecuniary amounts not in trust.(3) The beneficiary's fractional interest in the undistributed principal assets must be calculated on the basis of the aggregate value of those assets as of the distribution date without reducing the value by any unpaid principal obligation.(4) The distribution date for purposes of this section may be the date as of which the fiduciary calculates the value of the assets if that date is reasonably near the date on which assets are actually distributed.(c) If a fiduciary does not distribute all of the collected but undistributed net income to each person as of a distribution date, the fiduciary shall maintain appropriate records showing the interest of each beneficiary in that net income.(d) A fiduciary may apply the rules in this section, to the extent that the fiduciary considers it appropriate, to net gain or loss realized after the date of death or terminating event or earlier distribution date from the disposition of a principal asset if this section applies to the income from the asset.As added by P.L.84-2002, SEC.2. Amended by P.L.51-2014, SEC.14.