Ind. Code § 30-2-15-3

Current through P.L. 171-2024

Section 30-2-15-3 - "Net fair market value"

As used in this chapter, "net fair market value" means the fair market value of each asset comprising the trust reduced by the liens, debts, and encumbrances of the trust, regardless of whether the liens, debts, and encumbrances are allocable to a specific asset.

IC 30-2-15-3

As added by P.L. 3-2003, SEC.2.