Ind. Code § 21-9-2-4

Current through P.L. 171-2024

Section 21-9-2-4 - "Account owner"

"Account owner" means the individual, an emancipated minor, a trust, an estate, a partnership, an association, a company, a corporation, or a qualified custodian under the Uniform Transfers to Minors act (IC 30-2-8.5) that is designated as having the right to do the following:

(1) Select or change the designated beneficiary of an account.

(2) Designate a person other than the designated beneficiary as a person to whom funds may be paid from the account.

(3) Receive distributions from the account if no other person is designated.

IC 21-9-2-4

As added by P.L. 165-1996, SEC.1. Amended by P.L. 25-1999, SEC.2; P.L. 135-2002, SEC.4.