Ind. Code § 23-14-48.5-6

Current through P.L. 171-2024

Section 23-14-48.5-6 - Use of money in fund

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).

IC 23-14-48.5-6

Amended by P.L. 14-2018,SEC. 6, eff. 7/1/2018.

As added by P.L. 65-2007, SEC.3.