Sec. 3. If: (1) any gift, grant, bequest, donation, or other property held by the owner of a cemetery for cemetery purposes is held by the cemetery owner as a trust of any kind; or (2) the owner of a cemetery is a beneficiary of any trust estate for cemetery purposes; the trustee of the trust is relieved of the duties otherwise imposed upon the trustee by IC 30-4-5-12 through IC 30-4-5-15 . IC 23-14-51 Chapter 51. The Investment and Use of Cemetery Funds 23-14-51-1 Application of chapter 23-14-51-2 Investment and reinvestment of money and assets 23-14-51-3 Loans from perpetual care fund prohibited 23-14-51-4 Fidelity bond 23-14-51-5 Violation of chapter; Class A misdemeanor
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