Indiana Code 23-14-48.5-6. Use of money in fund
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Sec. 6. Money in the fund may be used to provide cemetery maintenance when the board finds:
(A) the owner of a cemetery is unable to maintain the cemetery;
(1) that:
Terms Used In Indiana Code 23-14-48.5-6
- board: means the state board of funeral and cemetery service established by IC 25-15-9-1. See Indiana Code 23-14-48.5-2
- fund: refers to the consumer protection fund for cemetery maintenance established by section 4 of this chapter. See Indiana Code 23-14-48.5-3
(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).
As added by P.L.65-2007, SEC.3. Amended by P.L.14-2018, SEC.6.