Indiana § 23-14-48-2.2 Withdrawal of funds from perpetual care fund established as a
conventional trust

Indiana Statutes

§ 23-14-48-2.2 — Withdrawal of funds from perpetual care fund established as a conventional trust

Indiana § 23-14-48-2.2

Title 23BUSINESS AND OTHER ASSOCIATIONS

Art. 14CEMETERY ASSOCIATIONS

Ch. 48Cemetery Perpetual Care Fund

This text of Indiana § 23-14-48-2.2 (Withdrawal of funds from perpetual care fund established as a conventional trust) 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 § 23-14-48-2.2 (2026).

Text

2. If:

(1)the perpetual care fund of a cemetery is a trust; and

(2)the perpetual care fund trust has not been converted into a total return unitrust under section 2.6 of this chapter; the trustee of the trust may, to the extent allowed by section 2 of this chapter, withdraw funds from the trust in amounts the trustee considers necessary to pay the cost of perpetual care of the cemetery, notwithstanding any provision in the terms of the trust instrument that would restrict withdrawals from the trust for perpetual care of the cemetery to less than the amounts allowed by section 2 of this chapter.

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2. If:
(1) the perpetual care fund of a cemetery is a trust; and
(2) the perpetual care fund trust has not been converted into a
total return unitrust under section 2.6 of this chapter;
the trustee of the trust may, to the extent allowed by section 2 of this
chapter, withdraw funds from the trust in amounts the trustee considers
necessary to pay the cost of perpetual care of the cemetery,
notwithstanding any provision in the terms of the trust instrument that
would restrict withdrawals from the trust for perpetual care of the
cemetery to less than the amounts allowed by section 2 of this chapter.