Ind. Code § 23-14-65-7
Permanent maintenance fund
Indiana · Indiana Code Title 23 — Business and Other Associations · Status: effective
Cite this
- Citation
- Ind. Code § 23-14-65-7, Permanent maintenance fund, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1653409
- Permanent ID
ys:prov:1653409@1- SHA-256
63eba45bb32df3e6a04d612df26a33e5262d63f470534cd68142551abf6e56b2
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
Sec. 7.
(a) Part of the proceeds derived from the sale of lots within a cemetery to which this chapter applies may be set aside as a permanent maintenance fund.
(b) Not more than fifty percent (50%) of the proceeds from the sale of lots may be set aside as a permanent maintenance fund under this section.
(c) The income from a permanent maintenance fund established under this section shall remain in the fund, except as provided in subsection (d).
(d) If the revenue from the sale of lots and other income from a cemetery to which this chapter applies becomes insufficient to meet the expense of maintaining the cemetery, income derived from the fund and its accretions may be used in whole or in part as the needs of the cemetery require, after appropriation by the legislative body according to statute.