71 Ind. Admin. Code 1.5-1-14
Current through December 4, 2024
Authority: IC 4-31-3-9
Affected: IC 4-31
Sec. 14.
"Beneficial interest" means profit, benefit, or advantage resulting from a contract or the ownership of an estate as distinct from legal ownership or control. When considered as a designation of the character of an estate, "beneficial interest" means such an interest as a devisee, legatee, or donee takes solely for his own use or benefit and not as a holder of title for the use and benefit of another.
71 IAC 1.5-1-14