Indiana Statutes

§ 23-14-64-3 — Payment and use of cash, securities, or other assets

Indiana § 23-14-64-3
JurisdictionIndiana
Title 23BUSINESS AND OTHER ASSOCIATIONS
Art. 14CEMETERY ASSOCIATIONS
Ch. 64Conveyance of Cemetery Association Land to

This text of Indiana § 23-14-64-3 (Payment and use of cash, securities, or other assets) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Ind. Code § 23-14-64-3 (2026).

Text

(a)If a cemetery association that conveys real estate to a township under this chapter has endowment funds, cash, securities, or other assets, the funds, cash, securities, or other assets shall be paid over to the township trustee when the real estate owned by the association is conveyed to the township.
(b)A township trustee who receives cash, securities, endowment funds, or other assets under subsection (a) may use them only:
(1)to purchase additional land for the cemetery;
(2)to make permanent improvements to the cemetery; or
(3)for the upkeep and maintenance of the cemetery.

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Legislative History

As added by P.L.52-1997, SEC.38.

Nearby Sections

15
§ 23-0.5-1-1
Short title
§ 23-0.5-1-2
Application
§ 23-0.5-1-4
Delivery of record
§ 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"
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Bluebook (online)
Indiana § 23-14-64-3, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/23-14-64-3.