Judicial reformation of disposition
Sec. 6. Upon the petition of an interested person, a court shall
reform a disposition in the manner that most closely preserves the
transferor's plan of distribution and is within the ninety (90) years
allowed by section 3(a)(2), 3(b)(2), or 3(c)(2) of this chapter if:
(1) a nonvested property interest or a power of appointment
becomes invalid under section 3 of this chapter;
(2) a class gift is not but might become invalid under section 3
of this chapter and the time has arrived when the share of any
class member is to take effect in possession or enjoyment; or
(3) a nonvested property interest that is not validated by section
3(a)(1) of this chapter can vest but not within ninety (90) years
after the interest's creation.
As added by P.L.2-2002, SEC.2.
Last modified: May 24, 2006