CHAPTER 4. RELINQUISHMENT OF CERTAIN CHARITABLE TRUSTS

IC 30-3-4
    Chapter 4. Relinquishment of Certain Charitable Trusts

IC 30-3-4-1
Application of chapter; home for indigent women, worthy poor, ororphaned children
    Sec. 1. Notwithstanding IC 30-4-2-2 and IC 30-4-3-33, thischapter applies whenever a county that has been given, devised, orbequeathed money or property in trust for the purpose of establishingand maintaining a home for indigent women, worthy poor, or orphanchildren, and the board of commissioners of the county has beennamed as trustee by the donor of the property or money.
As added by Acts 1980, P.L.8, SEC.143. Amended by P.L.238-2005,SEC.18.

IC 30-3-4-2
Determination by board of commissioners to relinquish trust
    Sec. 2. If the board of commissioners determines:
        (1) that the amount of money or property given, devised, orbequeathed is or will be inadequate to carry out the trustwithout an additional appropriation from the county; and
        (2) that the county will not be substantially benefited by theadministration of the trust;
then the board shall relinquish the trust. The title to any money andproperty so given, devised, or bequeathed then vests in the legal heirsof the donor or testator according to the provisions of IC 29concerning intestate succession.
As added by Acts 1980, P.L.8, SEC.143.

IC 30-3-4-3
Certifying transcript of finding; recording
    Sec. 3. The auditor of a county in which the board ofcommissioners makes a finding under this chapter affecting the titleto real estate shall immediately certify a transcript of the finding tothe county recorder of the county in which the real estate so affectedis located. The county recorder shall then have the transcriptrecorded in the deed record of the county.
As added by Acts 1980, P.L.8, SEC.143.