Sec. 2. It is unlawful to enter into any agreement or contract for a purpose described in section 1 of this chapter unless the agreement or contract requires that all payments be made by the settlor to an account in a:
(1) bank;
(2) trust company;
(3) savings association; or
(4) credit union;
with an office in Indiana.
As added by Acts 1982, P.L.179, SEC.2. Amended by P.L.79-1998, SEC.93; P.L.216-2013, SEC.67.
Structure Indiana Code
Title 30. Trusts and Fiduciaries
Chapter 10. Funeral Trust Funds
30-2-10-3. Validity of Trust; Requirements
30-2-10-4. Trustee; Expenses and Compensation
30-2-10-5. Contracts; Required Provisions
30-2-10-6. Change of Beneficiary; Procedure
30-2-10-7. Delivery of Copy of Contract to Settlor
30-2-10-8. Management of Funds by Financial Institutions; Annual Reports From Beneficiaries
30-2-10-8.5. Management of Settlor's Funds by Registered Investment Adviser
30-2-10-9. Violations; Offense
30-2-10-10. Incapacity, Resignation, and Removal of Trustees