Indiana Code 10-18-7-6. Nonsectarian and nondiscriminatory requirements
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Terms Used In Indiana Code 10-18-7-6
- 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.
- Property: includes personal and real property. See Indiana Code 1-1-4-5
Sec. 6. The money, property, or income owned or held by a memorial corporation organized under this chapter may not be owned, held, or used to promote the interest or teachings of a specific church, sect, school, or creed. However, the memorial corporation may not discriminate against an individual or organization because of religious beliefs.
[Pre-2003 Recodification Citation: 10-7-12-6.]
As added by P.L.2-2003, SEC.9.