Section 23-14-50-2 - Charitable and eleemosynary purpose of funds(a) The accumulation and holding of:(1) the funds authorized by IC 23-14-48 and IC 23-14-49-2; and(2) contributions to those funds; are expressly permitted and shall be considered to be for a charitable and eleemosynary purpose.
(b) The funds and contributions referred to in subsection (a) are considered to be a provision: (1) for the discharge of a duty due from the person or persons contributing to the fund to the person or persons whose remains are or will be interred in the cemetery; and(2) for the benefit and protection of the public by preserving, beautifying, and keeping cemeteries from becoming places of reproach and desolation in the communities in which they are situated.(c) A fund referred to in subsection (a) or a payment, gift, grant, bequest, or other contribution to the fund:(1) is not invalid by reason of any indefiniteness or uncertainty of the persons designated as beneficiaries in the instruments creating the fund; and(2) is not invalid as violating any law against perpetuities or suspension of the power of alienation of title to property.As added by P.L. 52-1997, SEC.24.