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Indiana Code Title 23. Business and Other Associations § 23-14-52-2

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

Sec. 2. The following conditions apply to a sale referred to in section 1(a) of this chapter:

(1) The purchaser is liable for any shortages existing before or after the sale in the perpetual care fund required by IC 23-14-48 or in an escrow fund or trust account required by IC 23-14-49-1.

(2) The purchaser shall perform:

(A) all obligations imposed on cemetery owners under this article;

(B) all obligations imposed on the cemetery owner under contracts made by the selling cemetery owner or any prior cemetery owner relating to:

(i) burial or interment rights;  or

(ii) the sale of the personal property or services described in IC 23-14-49-1;  and

(C) any other related obligation.

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Cite this article: FindLaw.com - Indiana Code Title 23. Business and Other Associations § 23-14-52-2 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-23-business-and-other-associations/in-code-sect-23-14-52-2/

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