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. IC 30-2-14 Chapter 14. Uniform Principal and Income Act 30-2-14-0.1 Application of chapter; application of certain amendments to chapter 30-2-14-1 "Accounting period" defined 30-2-14-2 "Beneficiary" defined 30-2-14-3 "Fiduciary" 30-2-14-4 "Income" defined 30-2-14-5 "Income beneficiary" defined 30-2-14-6 "Income interest" defined 30-2-14-7 "Mandatory income interest" defined 30-2-14-8 "Net income" defined 30-2-14-9 "Person" defined 30-2-14-10 "Principal" defined 30-2-14-11 "Remainder beneficiary" defined 30-2-14-12 "Terms of a trust" 30-2-14-13 "Trustee" defined 30-2-14-13.5 Personal representative as a fiduciary 30-2-14-14 Allocating receipts and disbursements between principal and income 30-2-14-15 Power of trustee to adjust between principal and income 30-2-14-16 Notice of proposed action 30-2-14-17 Discretionary powers of fiduciary; failure to exercise power; remedies 30-2-14-18 Distributions to beneficiaries; payment of fees and costs 30-2-14-19 Beneficiary's share of net income 30-2-14-20 Income interest; asset subject to trust 30-2-14-21 Income receipts and disbursements 30-2-14-22 Termination of mandatory income interest 30-2-14-23 Receipts from an entity 30-2-14-24 Distributions of principal and income from trust or estate 30-2-14-25 Separate accounting records for business or activity 30-2-14-26 Receipts and property allocated to principal 30-2-14-27 Rental property receipts 30-2-14-28 Obligation to pay money to trustee 30-2-14-29 Life insurance policy proceeds; proceeds of other contracts 30-2-14-30 Insubstantial allocation between principal and income 30-2-14-31 Allocating payments to principal or income 30-2-14-32 Receipts from liquidating asset 30-2-14-33 Receipts from an interest in minerals or other natural resources 30-2-14-34 Net receipts from the sale of timber and related products 30-2-14-35 Marital deduction for trust assets 30-2-14-36 Transactions in derivatives; granting, acquiring, or exercising an option 30-2-14-37 Asset backed securities 30-2-14-38 Disbursements from income 30-2-14-39 Disbursements from principal 30-2-14-40 Principal asset subject to depreciation 30-2-14-41 Principal disbursements; income transfers to reimburse principal or create principal disbursement reserve 30-2-14-42 Tax payments 30-2-14-43 Adjustments to offset shifting of economic interests or tax benefits between income beneficiaries and remainder beneficiaries 30-2-14-44 Uniformity of the law
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