Sec. 4. All property owned or held by the memorial corporation constitutes a permanent fund to be owned, held, used, and operated solely for the purposes set forth in sections 1 and 2 of this chapter and not for the gain or for the personal benefit of any person, corporation, or association.
[Pre-2003 Recodification Citation: 10-7-12-4.]
As added by P.L.2-2003, SEC.9.
Structure Indiana Code
Chapter 7. Memorial Corporations
10-18-7-3. Officers; Treasurer's Bond; Election of Officers; Corporation's Books
10-18-7-5. Authority to Hold and Manage Funds in Trust; Trusts Created by Will
10-18-7-6. Nonsectarian and Nondiscriminatory Requirements
10-18-7-7. Issuing Stock; Stock Transfer; Canceled Stock
10-18-7-8. Board of Trustees' Duties
10-18-7-9. Perpetual Existence; Stock and Property Not Taxable