Indiana Statutes
§ 23-14-72-5 — Collection of fixed amount for upkeep and maintenance
Indiana·Title 23 BUSINESS AND OTHER ASSOCIATIONS·Art. 14 CEMETERY ASSOCIATIONS·Ch. 72 Annexation of Unincorporated Cemetery
(a)An incorporated cemetery that extends its
boundaries to include the grounds of an unincorporated cemetery under
section 2 of this chapter, instead of levying a periodic assessment
against the owner of a lot under section 3 of this chapter, may collect
a fixed amount from the owner in full satisfaction of all future
assessments against the lot for the upkeep and maintenance.
(b)A cemetery association that receives money from the owners of
lots under subsection (a) shall:
(1)hold and invest the money as a fund for the upkeep and
maintenance of the lots; and
(2)expend only the income earned from the investment of the
money under subdivision (1) in the care of the lots.
(c)After a cemetery association receives money from the owners of
lots under subsection (a), the association shall ke
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Legislative History
As added by P.L.52-1997, SEC.46.
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"