LegalFix
Sign In

10-18-7-2. Powers

IN Code § 10-18-7-2 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

Sec. 2. A memorial corporation established under this chapter has the following powers:

(1) To hold meetings, conduct ceremonies, and decorate graves and burial places.

(2) To erect and pay the expenses for monuments and memorials.

(3) To receive and hold donations, gifts, devises and bequests, and funds produced by taxation and real and personal property.

(4) To purchase, hold, lease, mortgage, hypothecate, and sell real estate and personal property.

(5) To take real or personal property by will.

(6) To take or hold real or personal property in trust and manage the property as set forth in the instrument creating the trust, in a manner that is not inconsistent with the uses provided in this chapter.

(7) To invest the funds belonging to the corporation and loan and invest the money owned or held by the corporation.

(8) To sue and be sued in all matters necessary to carry out the provisions of this chapter.

[Pre-2003 Recodification Citation: 10-7-12-2.]

As added by P.L.2-2003, SEC.9.

Previous Section
10-18-7-1. Purposes
Next Section
10-18-7-3. Officers; treasurer's bond; election of officers; corporation's books