§ 23-14-50-2 — Charitable and eleemosynary purpose of funds

Indiana § 23-14-50-2

• Jurisdiction: Indiana
• Title 23: BUSINESS AND OTHER ASSOCIATIONS
• Art. 14: CEMETERY ASSOCIATIONS
• Ch. 50: The Nature of Cemetery Funds

Text

(a) The accumulation and holding of:
(1) the funds authorized by IC 23-14-48 and IC 23-14-49-2; and
(2) contributions to those funds;
are expressly permitted and shall be considered to be for a charitable
and eleemosynary purpose.
(b) The funds and contributions referred to in subsection (a) are
considered to be a provision:
(1) for the discharge of a duty due from the person or persons
contributing to the fund to the person or persons whose remains
are or will be interred in the cemetery; and
(2) for the benefit and protection of the public by preserving,
beautifying, and keeping cemeteries from becoming places of
reproach and desolation in the communities in which they are
situated.
(c) A fund referred to in subsection (a) or a payment, gift, grant,
bequest, or other contribution to the fund:
(1) is not invalid by reason of any indefiniteness or uncertainty of
the persons designated as beneficiaries in the instruments creating
the fund; and
(2) is not invalid as violating any law against perpetuities or
suspension of the power of alienation of title to property.

Legislative History

As added by P.L.52-1997, SEC.24.