Indiana Statutes

§ 10-18-7-9 — Perpetual existence; stock and property not taxable

Indiana § 10-18-7-9
JurisdictionIndiana
Title 10PUBLIC SAFETY
Art. 18WAR MEMORIALS
Ch. 7Memorial Corporations

This text of Indiana § 10-18-7-9 (Perpetual existence; stock and property not taxable) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Ind. Code § 10-18-7-9 (2026).

Text

(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
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Bluebook (online)
Indiana § 10-18-7-9, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/10-18-7-9.