Indiana Statutes
§ 23-14-65-23 — Acceptance and receipt of real and personal property
Indiana·Title 23 BUSINESS AND OTHER ASSOCIATIONS·Art. 14 CEMETERY ASSOCIATIONS·Ch. 65 City and Town Cemeteries
(a)A cemetery board may accept and
receive real and personal property:
(1)through gift, legacy, or bequest; and
(2)upon terms, conditions, or trusts that the donor or testator
designates;
for use concerning the operation, maintenance, and preservation of
cemeteries or a part of a cemetery.
(b)The property received under subsection (a) is exempt from all
taxation.
(c)If:
(1)a cemetery board receives money under subsection (a); and
(2)the money is not required currently to carry out the purpose or
trusts upon which the money was received;
the cemetery board shall invest the money in accordance with IC 5-13-9. For investment purposes under this subsection, the cemetery
board shall give preference to the purchase of bonds or securities
issued and negotiated by the municipality.
(d)A ce
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Legislative History
As added by P.L.52-1997, SEC.39.
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"