Indiana Code
Chapter 13. Payment of Funeral, Burial Services, or Merchandise in Advance of Need
30-2-13-14. Conversion of Trust or Escrow Agreement; Change in Method of Funding; New or Successor Trustee or Escrow Agent

Sec. 14. (a) A trust or an escrow agreement created under:
(1) IC 23-14-49-1;
(2) IC 30-2-9; or
(3) IC 30-2-10;
may not be converted to a trust or an escrow agreement required by section 12 or 12.5 of this chapter.
(b) A contract that has been funded with cash may not subsequently be changed to be funded with an insurance policy.
(c) A contract that has been funded with an insurance policy may not subsequently be changed to be funded with cash.
(d) Unless a transaction occurs under section 15(a)(4) of this chapter or the provisions of the contract permit otherwise, a new or successor trustee or escrow agent may not qualify and serve as trustee or escrow agent without the written consent of the purchaser and the seller designated to provide services or merchandise subject to a contract under this chapter.
As added by P.L.200-1991, SEC.1. Amended by P.L.241-1995, SEC.9; P.L.52-1997, SEC.53; P.L.114-1999, SEC.11.

Structure Indiana Code

Indiana Code

Title 30. Trusts and Fiduciaries

Article 2. General Provisions

Chapter 13. Payment of Funeral, Burial Services, or Merchandise in Advance of Need

30-2-13-0.1. Repealed

30-2-13-1. Applicability of Chapter

30-2-13-2. "Agent"

30-2-13-2.5. "At-Need Services and Merchandise"

30-2-13-3. "Board"

30-2-13-4. "Contract"

30-2-13-5. "Delivery"

30-2-13-6. "Fund"

30-2-13-7. "Insurance Policy"

30-2-13-8. "Prepaid Services or Merchandise" or "Services or Merchandise"

30-2-13-9. "Purchaser"

30-2-13-10. "Seller"

30-2-13-11. "Trustee" or "Escrow Agent, Acting as a Fiduciary"

30-2-13-11.5. "Cash Advance Item"

30-2-13-12. Contracts

30-2-13-12.1. Contracts Entered Into After December 31, 1995, and Before July 1, 1999

30-2-13-12.5. Contracts Entered Into After June 30, 1999

30-2-13-13. Designation of Successor Sellers

30-2-13-14. Conversion of Trust or Escrow Agreement; Change in Method of Funding; New or Successor Trustee or Escrow Agent

30-2-13-15. Loss of Certificate of Authority or License by Seller; Notice to Purchaser; Selection of New Seller; Transfer of Unperformed Contracts and Funds to Successor Owner

30-2-13-16. Sale, Consolidation, Merger, Disposal, or Lease of Assets in Bulk; Designation of Successor

30-2-13-17. Successors to Seller; Obligations

30-2-13-18. Compensation and Expenses of Trustee; Withdrawal of Tax Liability

30-2-13-19. Common Trust Fund

30-2-13-20. Funeral Service Contracts; Ratification by Funeral Director

30-2-13-21. Agents of Seller; Seller Liability; Written Statement

30-2-13-22. Seller Bond or Permit

30-2-13-23. Contracts; Invalid Provisions; Unenforceable Contracts

30-2-13-24. Seller or Agent; Prohibited Acts

30-2-13-25. Solicitation of Sales; Conditions

30-2-13-26. Confidentiality of Contracts

30-2-13-27. Payments to Board

30-2-13-28. Preneed Consumer Protection Fund; Establishment; Funding

30-2-13-29. Fund Uses; Complaints; Annual Review

30-2-13-30. Seller Records and Books

30-2-13-31. Annual Report

30-2-13-32. General Price List

30-2-13-33. Certificates of Authority

30-2-13-34. Rules

30-2-13-35. Seller Misrepresentation

30-2-13-36. Suspension of Certificates of Authority; Fines

30-2-13-37. Repealed

30-2-13-38. Uncured Deceptive Acts; Violations; Injunctive Relief; Private Right of Action

30-2-13-39. Prohibited Relationships Between Sellers and Trustees or Escrow Agents