Indiana Statutes
§ 23-5-2-9 — Mutual mortuary benefits
Indiana·Title 23 BUSINESS AND OTHER ASSOCIATIONS·Art. 5 OTHER BUSINESS ASSOCIATIONS·Ch. 2 Boards of Trade, Exchanges, and Chambers of
(a)This chapter shall not authorize the
organization of any banking, insurance, telegraph, mining,
manufacturing, warehouse, or transportation company, but any board
of trade or other commercial organization organized under this chapter
may create and operate among its members a system of mutual
mortuary benefits and may raise the benefits, after the death of each
member who is a subscriber to the mortuary benefit fund, by an
assessment of not more than four dollars ($4) upon each living member
for the benefit of the beneficiaries of such deceased member described
in the articles of association or bylaws of the corporation or for the
benefit of the beneficiaries named by the member conformably to the
articles of association or bylaws.
(b)The corporation may make continued membership in t
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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"