Private corporate foundations organized before January 1, 1970;
application of IC 30-4-5-18
Sec. 19. The provisions of 30-4-5-18 shall not apply to any such
corporation organized before January 1, 1970, to the extent that a
court of competent jurisdiction shall determine that application of
such section to such corporation would be contrary to the terms of
any instrument which may not be changed to conform to such section
and by which such corporation is bound.
(Formerly: Acts 1971, P.L.416, SEC.6.)
Last modified: May 27, 2006