Indiana Code 29-1-8-9. Prepaid funeral expenses; last illness expense
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Indiana Code 29-1-8-9
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Decedent: A deceased person.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Sec. 9. This article shall not be construed to prevent the application by any person, association or corporation of all or any portion of any obligation owed to a decedent‘s estate and designed, intended or created for the purpose of paying the funeral expenses or expenses of the last illness of the deceased from directly applying the proceeds of such obligation for such purpose. The payment of such expenses by the obligor or person holding such funds shall be a complete defense to the extent of such payment to the demand of any person on behalf of such estate or any other claimant.
Formerly: Acts 1953, c.112, s.809. As amended by Acts 1982, P.L.171, SEC.26.