Indiana Code 23-14-49-2. Powers of owner

Sec. 2. The owner of a cemetery may:

(1) take and hold any property devised, bequeathed, granted, or given to the owner in trust; and

Bequest: Property gifted by will.
Devise: To gift property by will.
Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
Property: includes personal and real property. See Indiana Code 1-1-4-5

(2) apply:

(A) the property; or

(B) the proceeds or income from the property;

according to the terms of the devise, bequest, grant, or gift.

As added by P.L.52-1997, SEC.23.