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2017 Indiana Code
TITLE 23. Business and other Associations
ARTICLE 14. CEMETERY ASSOCIATIONS
CHAPTER 51. The Investment and Use of Cemetery Funds
23-14-51-3. Loans from perpetual care fund prohibited
Universal Citation: IN Code § 23-14-51-3 (2017)
IC 23-14-51-3 Loans from perpetual care fund prohibited
Sec. 3. No loans or pledges of money or property shall be made from the perpetual care fund of a cemetery:
(1) to or for the benefit of the owner of the cemetery; or
(2) to any shareholder, officer, director, or employee of the cemetery.
As added by P.L.52-1997, SEC.25.
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