Remedies of beneficiary against third persons
Sec. 21. (Remedies of the Beneficiary against Third Persons)
If the trustee has a claim against a third person for which he may
maintain a civil action under 30-4-3-15 but he is unable, unwilling or
neglects to commence the action within a reasonable time not to
exceed thirty (30) days after written demand, any beneficiary may
commence the action in his own right for the benefit of all the
beneficiaries.
(Formerly: Acts 1971, P.L.416, SEC.4; Acts 1972, P.L.11, SEC.13.)
Last modified: May 27, 2006