Indiana Statutes
§ 23-14-52-2 — Liability and duties of purchaser
Indiana·Title 23 BUSINESS AND OTHER ASSOCIATIONS·Art. 14 CEMETERY ASSOCIATIONS·Ch. 52 Conditions Applying to the Sale of a Cemetery
The following conditions apply to a sale referred to in section 1(a) of this chapter:
(1)The purchaser is liable for any shortages existing before or
after the sale in the perpetual care fund required by IC 23-14-48
or in an escrow fund or trust account required by IC 23-14-49-1.
(2)The purchaser shall perform:
(A)all obligations imposed on cemetery owners under this
article;
(B)all obligations imposed on the cemetery owner under
contracts made by the selling cemetery owner or any prior
cemetery owner relating to:
(i)burial or interment rights; or
(ii)the sale of the personal property or services described in
IC 23-14-49-1; and
(C)any other related obligation.
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Legislative History
As added by P.L.52-1997, SEC.26.
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"