Remedies by attorney general against benevolent trust or trustee
Sec. 1. (a) This section applies if a trustee of a benevolent trust
does any of the following:
(1) Commits a breach of trust.
(2) Violates the mandate of a charitable trust.
(3) Violates a duty listed in this article.
(b) The attorney general may petition a court to issue one (1) or
more of the following remedies for an action enumerated in
subsection (a):
(1) Injunctive relief.
(2) Appointment of temporary or permanent receivers.
(3) Permanent removal of trustees.
(4) Appointment of permanent replacement trustees subject to
court approval.
A remedy under this subsection is in addition to any other remedy.
(c) The attorney general may seek a remedy listed in subsection
(b) against a trustee or a trust.
As added by P.L.245-2005, SEC.8.
Last modified: May 27, 2006