The board of trustees of a memorial corporation shall do the following:

1. (1) Conduct the prudential affairs of the memorial corporation.
2. (2) Vote on the loans, investments, purchases, sales, and the policy and manner of conducting the affairs of the corporation.

3. (3) Keep all the money loaned, invested, or in some manner active and bring into the treasury funds to carry out the spirit and letter of this chapter.

   [Pre-2003 Recodification Citation: 10-7-12-8.]

As added by P.L.2-2003, SEC.9.