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Indiana Code Title 23. Business and Other Associations § 23-14-48.5-6

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 6. Money in the fund may be used to provide cemetery maintenance when the board finds:

(1) that:

(A) the owner of a cemetery is unable to maintain the cemetery;

(B) money in the perpetual care fund of the cemetery is depleted, subject to a dispute that prevents distribution of the money, or otherwise unavailable for the purposes of the perpetual care fund;  and

(C) interested persons are unable to take over the management, care, and general supervision of the cemetery under IC 23-14-48-10;  or

(2) that the appreciation and income of the principal of a cemetery's perpetual care fund that are available under IC 23-14-48-2 are not sufficient to meet the cemetery's immediate maintenance needs (as defined in IC 23-14-48-1.5).

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Cite this article: FindLaw.com - Indiana Code Title 23. Business and Other Associations § 23-14-48.5-6 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-23-business-and-other-associations/in-code-sect-23-14-48-5-6/

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