CHAPTER 9. RESULTING TRUSTS AND POWERS
IC 30-1-9
Chapter 9. Resulting Trusts and Powers
IC 30-1-9-1
Repealed
(Repealed by Acts 1971, P.L.416, SEC.8.)
IC 30-1-9-2
Repealed
(Repealed by Acts 1971, P.L.416, SEC.8.)
IC 30-1-9-3
Repealed
(Repealed by Acts 1971, P.L.416, SEC.8.)
IC 30-1-9-4
Repealed
(Repealed by Acts 1971, P.L.416, SEC.8.)
IC 30-1-9-5
Repealed
(Repealed by Acts 1971, P.L.416, SEC.8.)
IC 30-1-9-6
Resulting trust
Sec. 6. When a conveyance for a valuable consideration is made
to one (1) person, and the consideration therefor paid by another, no
use or trust shall result in favor of the latter; but the title shall vest in
the former, subject to the provisions of the next two (2) sections.
(Formerly: Acts 1852, 1RS, c.113, s.6.)
IC 30-1-9-7
Repealed
(Repealed by P.L.144-1994, SEC.4.)
IC 30-1-9-8
Resulting trust; absolute conveyance without consent
Sec. 8. The provisions of the section next before the last, shall not
extend to cases where the alienee shall have taken an absolute
conveyance in his own name, without the consent of the person with
whose money the consideration was paid; or where such alienee, in
violation of some trust, shall have purchased the land with moneys
not his own; or where it shall be made to appear that, by agreement,
and without any fraudulent intent, the party to whom the conveyance
was made, or in whom the title shall vest, was to hold the land or
some interest therein in trust for the party paying the purchase-money
or some part thereof.
(Formerly: Acts 1852, 1RS, c.113, s.8.)
IC 30-1-9-9
Repealed
(Repealed by Acts 1971, P.L.416, SEC.8.)
IC 30-1-9-10
Repealed
(Repealed by Acts 1971, P.L.416, SEC.8.)
IC 30-1-9-11
Repealed
(Repealed by Acts 1971, P.L.416, SEC.8.)
IC 30-1-9-12
Repealed
(Repealed by Acts 1971, P.L.416, SEC.8.)
IC 30-1-9-13
Repealed
(Repealed by Acts 1971, P.L.416, SEC.8.)
IC 30-1-9-14
Reserving absolute power of revocation
Sec. 14. A grantor of lands reserving an absolute power of
revocation, shall be deemed an absolute owner, as regards creditors
and purchasers.
(Formerly: Acts 1852, 1RS, c.113, s.14.)
IC 30-1-9-15
Disposition more extensive than power
Sec. 15. No disposition by virtue of a power, shall be void on the
ground that it is more extensive than was authorized by the power.
But every estate or trust so created, so far as embraced by the terms
of the power, shall be valid.
(Formerly: Acts 1852, 1RS, c.113, s.15.)
IC 30-1-9-16
Repealed
(Repealed by Acts 1975, P.L.111, SEC.13.)
IC 30-1-9-17
Revocation
Sec. 17. (a) Every power, beneficial or in trust, shall be
irrevocable, unless an authority to revoke it is reserved in the
instrument creating the same.
(b) This section does not apply to any power of attorney,
regardless of when the power of attorney was created.
(Formerly: Acts 1852, 1RS, c.113, s.17.) As amended by Acts 1982,
P.L.178, SEC.1.
IC 30-1-9-18
Sale of lands; mortgage or conveyance
Sec. 18. Where a power to sell lands shall be given to the grantee,
in any mortgage or other conveyance intended to secure the payment
of money, the power shall be deemed a part of the security, and shall
vest in any person who shall become entitled to the money so secured
to be paid.
(Formerly: Acts 1852, 1RS, c.113, s.18.)
IC 30-1-9-19
Power of attorney; conveyances
Sec. 19. The provisions of this chapter relative to powers, shall
not extend to a simple power of attorney to convey lands, in the name
and for the benefit of the owner.
(Formerly: Acts 1852, 1RS, c.113, s.17a.) As amended by Acts 1982,
P.L.171, SEC.91.