Indiana § 10-18-7-2 Powers

Indiana Statutes

§ 10-18-7-2 — Powers

Indiana·Title 10 PUBLIC SAFETY·Art. 18 WAR MEMORIALS·Ch. 7 Memorial Corporations

A memorial corporation established under this chapter has the following powers:

(1)To hold meetings, conduct ceremonies, and decorate graves and burial places.

(2)To erect and pay the expenses for monuments and memorials.

(3)To receive and hold donations, gifts, devises and bequests, and funds produced by taxation and real and personal property.

(4)To purchase, hold, lease, mortgage, hypothecate, and sell real estate and personal property.

(5)To take real or personal property by will.

(6)To take or hold real or personal property in trust and manage the property as set forth in the instrument creating the trust, in a manner that is not inconsistent with the uses provided in this chapter.

(7)To invest the funds belonging to the corporation and loan and invest the money owned or held b

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A memorial corporation established under this
chapter has the following powers:
(1) To hold meetings, conduct ceremonies, and decorate graves
and burial places.
(2) To erect and pay the expenses for monuments and memorials.
(3) To receive and hold donations, gifts, devises and bequests,
and funds produced by taxation and real and personal property.
(4) To purchase, hold, lease, mortgage, hypothecate, and sell real
estate and personal property.
(5) To take real or personal property by will.
(6) To take or hold real or personal property in trust and manage
the property as set forth in the instrument creating the trust, in a
manner that is not inconsistent with the uses provided in this
chapter.
(7) To invest the funds belonging to the corporation and loan and
invest the money owned or held by the corporation.
(8) To sue and be sued in all matters necessary to carry out the
provisions of this chapter.
[Pre-2003 Recodification Citation: 10-7-12-2.]