Perpetual existence; stock and property not taxable

Ind. Code § 10-18-7-9
in effect
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Sec. 9. (a) The existence of a memorial corporation organized under this chapter is perpetual. (b) The permanent fund of a memorial corporation is perpetual and may not be reduced for any purpose. The income from the investment of a memorial corporation's permanent fund may be used only for purposes allowed in this chapter. (c) The stock and property of a memorial corporation is nontaxable. [Pre-2003 Recodification Citation: 10-7-12-9.] As added by P.L.2-2003, SEC.9.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/10Fetched: 10/17/2026

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