Indiana Code 23-14-49-1. Application of chapter; placement of certain proceeds
Current as of: 2023 | Check for updates
|
Other versions
Sec. 1. (a) This chapter does not apply to the proceeds from the sales of burial spaces.
(1) are to be installed in or provided in a cemetery; but
(b) All proceeds received by anyone selling floral tributes, vaults, memorials of any type, or services that:
Terms Used In Indiana Code 23-14-49-1
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
(2) are not to be delivered or provided until the death of the person or persons for whom the vault, memorial, floral tribute, or service is to be used or provided;
shall be placed in escrow or trust in a separate account and held for the specific purpose intended until the time of burial or completion of the services.
As added by P.L.52-1997, SEC.23.