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222 chapters · 1,895 sections in this title.
Ind. Code § 23-14-51-1 Application of chapter
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Sec. 1. (a) Except as provided in subsection (b), this chapter does not apply to: (1) a cemetery owned by a municipal corporation or other governmental unit; (2) a religious cemetery; or (3) a cemetery: (A) that is ten (10) acres or less in size; (B) that is owned and operated en…
Ind. Code § 23-14-51-2 Investment and reinvestment of money and assets
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Sec. 2. After June 14, 1939, a cemetery to which IC 23-14-48 applies shall invest and reinvest: (1) all money in the perpetual care fund of the cemetery; and (2) all other assets held in trust by the cemetery; in property or securities that qualify for trust investments under IC …
Ind. Code § 23-14-51-3 Loans from perpetual care fund prohibited
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Sec. 3. No loans or pledges of money or property shall be made from the perpetual care fund of a cemetery: (1) to or for the benefit of the owner of the cemetery; or (2) to any shareholder, officer, director, or employee of the cemetery. As added by P.L.52-1997, SEC.25.
Ind. Code § 23-14-51-4 Fidelity bond
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Sec. 4. (a) This section applies to a cemetery if a perpetual care fund or other trust account of the cemetery is not held in trust for the cemetery by a corporate trustee. (b) The treasurer of the cemetery or other person or persons having custody of the fund or account shall fu…