Indiana § 23-14-70-1 Power to receive deposit of money; use of interest

Indiana Statutes

§ 23-14-70-1 — Power to receive deposit of money; use of interest

Indiana § 23-14-70-1

Title 23BUSINESS AND OTHER ASSOCIATIONS

Art. 14CEMETERY ASSOCIATIONS

Ch. 70Trusts for Cemetery Associations

This text of Indiana § 23-14-70-1 (Power to receive deposit of money; use of interest) 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 § 23-14-70-1 (2026).

Text

(a)The board of commissioners of a county may receive from or on behalf of a:

(1)cemetery corporation;

(2)church;

(3)association; or

(4)organization; that has been dissolved or is to be dissolved a deposit of money to be held in trust under terms that are designated in writing.

(b)Funds may be provided under section 1 of this chapter to the board of commissioners of:

(1)the county in which the cemetery of the cemetery corporation, church, association, or organization is located; or

(2)the county adjoining and nearest to the county described in subdivision (1).

(c)The interest on the funds received under subsection (a) shall be used to keep in good condition any:

(1)abandoned cemetery;

(2)public incorporated cemetery; or

(3)lots, monuments, mausoleums, vaults, or other burial st

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(a) The board of commissioners of a county
may receive from or on behalf of a:
(1) cemetery corporation;
(2) church;
(3) association; or
(4) organization;
that has been dissolved or is to be dissolved a deposit of money to be
held in trust under terms that are designated in writing.
(b) Funds may be provided under section 1 of this chapter to the
board of commissioners of:
(1) the county in which the cemetery of the cemetery corporation,
church, association, or organization is located; or
(2) the county adjoining and nearest to the county described in
subdivision (1).
(c) The interest on the funds received under subsection (a) shall be
used to keep in good condition any:
(1) abandoned cemetery;
(2) public incorporated cemetery; or
(3) lots, monuments, mausoleums, vaults, or other burial
structures in any cemetery.
(d) A board of commissioners may not expend more for the purpose
set forth in subsection (c) than the interest earned from the loan or
investment of the funds.