Sec. 4. As used in this chapter, "authorized fiduciary" means: (1) a trustee, trust director, or other fiduciary, other than a settlor, that has discretion to distribute or direct a trustee to distribute part or all of the principal of the first trust to one (1) or more current beneficiaries; (2) a special fiduciary appointed under section 39 of this chapter; or (3) a special-needs fiduciary under section 43 of this chapter.
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