Indiana Code > Title 23 > Article 14 > Chapter 50 – The Nature of Cemetery Funds
Current as of: 2023 | Check for updates
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Other versions
| § 23-14-50-1 | Application of chapter |
| § 23-14-50-2 | Charitable and eleemosynary purpose of funds |
| § 23-14-50-3 | Trustee’s relief from duties |
Terms Used In Indiana Code > Title 23 > Article 14 > Chapter 50 - The Nature of Cemetery Funds
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Bequest: Property gifted by will.
- 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.
- 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
- Trustee: A person or institution holding and administering property in trust.