Indiana Statutes
§ 23-14-50-3 — Trustee's relief from duties
Indiana·Title 23 BUSINESS AND OTHER ASSOCIATIONS·Art. 14 CEMETERY ASSOCIATIONS·Ch. 50 The Nature of Cemetery Funds
If:
(1)any gift, grant, bequest, donation, or other property held by the
owner of a cemetery for cemetery purposes is held by the
cemetery owner as a trust of any kind; or
(2)the owner of a cemetery is a beneficiary of any trust estate for
cemetery purposes;
the trustee of the trust is relieved of the duties otherwise imposed upon
the trustee by IC 30-4-5-12 through IC 30-4-5-15.
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Legislative History
As added by P.L.52-1997, SEC.24.
Nearby Sections
15
§ 23-0.5-1-1
Short title§ 23-0.5-1-2
Application§ 23-0.5-1-3
Application; exceptions§ 23-0.5-1-4
Delivery of record§ 23-0.5-1-5
Rules and procedures§ 23-0.5-1-6
Terms dependent on facts ascertainable outside the plan or filed
document; articles of amendment§ 23-0.5-1.5-1
Application of definitions§ 23-0.5-1.5-10
"Filed record"§ 23-0.5-1.5-11
"Filing entity"§ 23-0.5-1.5-12
"Foreign"§ 23-0.5-1.5-13
"General partnership"§ 23-0.5-1.5-14
"Governance interest"§ 23-0.5-1.5-15
"Governing person"§ 23-0.5-1.5-16
"Interest"§ 23-0.5-1.5-17
"Interest holder"