Indiana Statutes
§ 10-18-7-9 — Perpetual existence; stock and property not taxable
(a)The existence of a memorial corporation
organized under this chapter is perpetual.
(b)The permanent fund of a memorial corporation is perpetual and
may not be reduced for any purpose. The income from the investment
of a memorial corporation's permanent fund may be used only for
purposes allowed in this chapter.
(c)The stock and property of a memorial corporation is nontaxable.
[Pre-2003 Recodification Citation: 10-7-12-9.]
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Legislative History
As added by P.L.2-2003, SEC.9.
Nearby Sections
15
§ 10-10-1-1
"Prior law"§ 10-10-1-2
Purpose of recodification§ 10-10-1-3
Statutory construction of recodification§ 10-10-1-4
Effect of recodification§ 10-10-1-5
Recodification of prior law§ 10-10-1-6
References to repealed statutes§ 10-10-1-7
References to citations§ 10-10-1-8
References to prior rules§ 10-10-1-9
References to prior law§ 10-10.5-1-1
Applicability of definitions§ 10-10.5-1-2
"Indiana first responder"§ 10-10.5-1-3
"Law enforcement officer"§ 10-10.5-1-4
"PSAP"§ 10-10.5-1-5
"Public safety agency"§ 10-10.5-1-6
"Public safety telecommunicator"