Indiana Code 23-14-51-2. Investment and reinvestment of money and assets
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Sec. 2. After June 14, 1939, a cemetery to which IC 23-14-48 applies shall invest and reinvest:
(2) all other assets held in trust by the cemetery;
(1) all money in the perpetual care fund of the cemetery; and
Terms Used In Indiana Code 23-14-51-2
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Property: includes personal and real property. See Indiana Code 1-1-4-5
in property or securities that qualify for trust investments under IC 30-4-3-3(c).
As added by P.L.52-1997, SEC.25.