Sec. 2. All trust funds paid under section 1(a) of this chapter shall be deposited in a bank or trust company whose principal office is in this state, or invested in a savings and loan, or building and loan association whose principal office is in this state, in the name of the trustee, as trustee, within thirty (30) days after receipt thereof, and shall be held by such trustee in trust, subject to the provisions of this chapter.
Formerly: Acts 1963, c.303, s.2. As amended by Acts 1978, P.L.133, SEC.3.
Structure Indiana Code
Title 30. Trusts and Fiduciaries
Chapter 9. Prepaid Funeral Plans and Funeral Trust Funds Established Before 1982
30-2-9-1. Agreement or Contract; Personal Property, Merchandise, or Services; General Cemetery Law
30-2-9-2. Deposit of Funds; Investments
30-2-9-3. Permits; Fidelity Bonds; Accounts, Books, and Records
30-2-9-4. Deposits or Investments; Interest or Dividends; Withdrawal; Forfeiture
30-2-9-5. Compensation and Expenses of Trustee
30-2-9-7. False Reports; Illegal Use or Disbursement of Funds