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2021 Indiana Code
Title 10. Public Safety
Article 18. War Memorials
Chapter 7. Memorial Corporations
10-18-7-5. Authority to Hold and Manage Funds in Trust; Trusts Created by Will
Universal Citation:
IN Code § 10-18-7-5 (2021)
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Sec. 5. (a) A memorial corporation organized under this chapter may hold and manage funds, money, or property in trust for any person or for any purpose expressed in the terms of the trust. However, the trust must be for some of the purposes or objects set forth in sections 1 and 2 of this chapter.
(b) A person competent to make a will may create a trust under this section.
[Pre-2003 Recodification Citation: 10-7-12-5.]
As added by P.L.2-2003, SEC.9.
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