§ 23-14-72-5 — Collection of fixed amount for upkeep and maintenance

Indiana § 23-14-72-5

• Jurisdiction: Indiana
• Title 23: BUSINESS AND OTHER ASSOCIATIONS
• Art. 14: CEMETERY ASSOCIATIONS
• Ch. 72: Annexation of Unincorporated Cemetery

Text

(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 keep and care for the
lots.

Legislative History

As added by P.L.52-1997, SEC.46.