Indiana § 23-14-70-6 Effect of chapter on certain bequests, legacies, or endowments;
payment or return of money deposited

Indiana Statutes

§ 23-14-70-6 — Effect of chapter on certain bequests, legacies, or endowments; payment or return of money deposited

Indiana·Title 23 BUSINESS AND OTHER ASSOCIATIONS·Art. 14 CEMETERY ASSOCIATIONS·Ch. 70 Trusts for Cemetery Associations

(a)This chapter does not affect a bequest, legacy, or endowment that is under or comes under the control of:

(1)the board of directors of an incorporated cemetery; or

(2)the trustees or officers of a church, association, or other organization.

(b)This chapter does not affect a bequest, legacy, or endowment received under this chapter.

(c)If a cemetery is under the control of:

(1)an organized board of directors of an incorporated cemetery; or

(2)the trustees or officers of a church, association, or other organization; the board of county commissioners may, on its own initiative or upon request of the proper officers of the cemetery, pay over or return to the treasurer of the cemetery any money deposited with the county under this chapter.

(d)Money paid over or returned under subsect

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(a) This chapter does not affect a bequest,
legacy, or endowment that is under or comes under the control of:
(1) the board of directors of an incorporated cemetery; or
(2) the trustees or officers of a church, association, or other
organization.
(b) This chapter does not affect a bequest, legacy, or endowment
received under this chapter.
(c) If a cemetery is under the control of:
(1) an organized board of directors of an incorporated cemetery;
or
(2) the trustees or officers of a church, association, or other
organization;
the board of county commissioners may, on its own initiative or upon
request of the proper officers of the cemetery, pay over or return to the
treasurer of the cemetery any money deposited with the county under
this chapter.
(d) Money paid over or returned under subsection (c) shall be held
and managed by the cemetery corporation, church, association, or
organization in compliance with the terms of the bequest, legacy, or
endowment, and in compliance with applicable statutes.

Indiana § 23-14-70-6 (Effect of chapter on certain bequests, legacies, or endowments; payment or return of money deposited) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.