IN.gov - Skip Navigation

Note: This message is displayed if (1) your browser is not standards-compliant or (2) you have you disabled CSS. Read our Policies for more information.

Indiana General Assembly
  •  
House Bill 1947


 

Search all legislative material from the 2001 Session.
General Assembly Home Page

Session Information

Complete Bill Listing

Get Acrobat Reader
You will need to download and install Acrobat Reader to view PDF documents.

  

House Bill 1947

ARCHIVE (2001)

Latest Information

 
DIGEST OF HB1947 (Updated March 5, 2001 4:03 PM - DI 84)

Cy pres in charitable trusts and corporations. Provides that the following may bring an action under the cy pres doctrine against a charitable trust or corporation: (1) The settlor of the trust. (2) A beneficiary of the trust or charitable corporation. (3) The attorney general. (4) A donor to a charitable trust or charitable nonprofit corporation if the donor has contributed at least $1,000 to the trust or corporation and the trust or corporation has solicited and received more than $25,000 in public donations or public contributions. (5) A beneficiary of the charitable corporation. (6) A taxpayer of a governmental entity that has provided more than $500,000 in subsidies, tax credits, or tax exemptions to the trust or charitable nonprofit corporation. Allows a living heir of a donor of a charitable contribution to a trust or charitable corporation to present evidence of the intent of the donor of a charitable contribution.
Current Status:
 Passed 2nd reading - first House
>Latest Printing > (PDF)