IC 10-18-7-9 — Perpetual existence; stock and property not taxable
Chapter 7. Memorial Corporations
Bills citing this section
Section text
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.
As added by P.L.2-2003, SEC.9.
Source: official publisher (2026 edition)