Indiana Statutes
§ 23-14-53-1 — Receipt of deposit or legacy of money
Indiana·Title 23 BUSINESS AND OTHER ASSOCIATIONS·Art. 14 CEMETERY ASSOCIATIONS·Ch. 53 Bequests for Care
(a)Any church, corporation, or association
that owns a cemetery may receive from any person a deposit or legacy
of money to be held in trust:
(1)in perpetuity; or
(2)for a period that the donor or testator designates in writing.
(b)The earnings of the deposit or legacy shall be used for the
purpose of keeping in good condition any lot or lots, monument, vault,
or gravestone in the cemetery that is designated by the donor or
testator.
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Legislative History
As added by P.L.52-1997, SEC.27.
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"