§ 23-14-48-7 — Accounting and report; audit

(a) Not more than ninety (90) days after the
end of the fiscal year of a cemetery to which this chapter applies, the
custodian or trustee of the perpetual care fund of the cemetery shall
prepare and file with the owner of the cemetery a detailed accounting
and report of the perpetual care fund for the preceding fiscal year. The
report:
(1) must include, among other things, a properly itemized listing
of the securities in which the funds are invested; and
(2) shall be available for inspection and copying at all times by
any owner of or holder of a burial right in the cemetery at the
usual place at which the regular business of the cemetery is
transacted.
(b) Not more than one hundred five (105) days after the end of the
fiscal year of a cemetery to which this chapter applies, the trustee of the
perpetual care fund of the cemetery shall file the report required under
subsection (a) with the state board of funeral and cemetery service.
(c) The state board of funeral and cemetery service may audit or
order an audit of the perpetual care fund of a cemetery if the state board
of funeral and cemetery service determines that the trustee of the
perpetual care fund is not complying with the requirements set forth in
subsections (a) and (b). The cemetery that is the subject of the audit
shall pay all costs associated with the audit.
(d) The owner of a cemetery shall maintain a report required by this
section for the longer of:
(1) ten (10) years; or
(2) three (3) years after the date the owner sells or otherwise
transfers the cemetery.

Legislative History

As added by P.L.52-1997, SEC.22. Amended by P.L.65-2007, SEC.2; P.L.61-2008, SEC.2.