Indiana Statutes
§ 23-14-70-5 — Liability of auditor or county
Indiana·Title 23 BUSINESS AND OTHER ASSOCIATIONS·Art. 14 CEMETERY ASSOCIATIONS·Ch. 70 Trusts for Cemetery Associations
(a)The auditor is liable on the auditor's bond
for any neglect or failure of duty with respect to funds received under
section 1 of this chapter in the same manner as with respect to the
school fund.
(b)The county is also liable for the preservation of the principal and
the payment of the interest on the funds received under section 1 of this
chapter to the same extent that it is liable with respect to the principal
and interest of the school fund.
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Legislative History
As added by P.L.52-1997, SEC.44.
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"