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Indiana Code Title 23. Business and Other Associations § 23-14-63-3

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

Sec. 3. The persons filing a petition under section 2 of this chapter must:

(1) state in the petition that the corporation would have at the time of taking over the cemetery an endowment or perpetual care fund of at least one thousand dollars ($1,000);

(2) agree to increase the balance in the fund to an amount sufficient to produce enough interest to keep the cemetery in proper condition;  and

(3) agree to:

(A) keep the cemetery in good order;  and

(B) honestly and faithfully manage the cemetery.

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Cite this article: FindLaw.com - Indiana Code Title 23. Business and Other Associations § 23-14-63-3 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-23-business-and-other-associations/in-code-sect-23-14-63-3/

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