(a) This section applies to the following:
- (1) A trustee of a benevolent trust, including a perpetual care fund or endowment care fund established under IC 23-14-48 or a prepaid funeral trust or escrow account established under IC 30-2-9 , IC 30-2-10 , or IC 30-2-13 .
- (2) A cemetery owner.
- (3) A funeral home.
- (4) A beneficiary of a contract entered into under IC 30-2-9 .
- (5) A seller (as defined in IC 30-2-13-10 ) under IC 30-2-13 .
- (6) Any other person that holds a perpetual care fund, an endowment care fund, or a prepaid funeral trust fund.
(b) A person described in subsection (a) may not do any of the following:
- (1) Commit a breach of trust.
- (2) Violate the mandate of a charitable trust.
- (3) Violate a duty listed in this article.
(4) Fail to comply with a requirement or prohibition set forth in any of the following:
- (A) IC 23-14-48 .
- (B) IC 23-14-48.5 .
- (C) IC 23-14-49 .
- (D) IC 23-14-51 .
- (E) IC 30-2-9 .
- (F) IC 30-2-10 .
- (G) IC 30-2-13 .
- (H) IC 30-4 .
(c) The attorney general may petition a court to issue one (1) or more of the following remedies for a breach, violation, or failure enumerated in subsection (b):
- (1) Injunctive relief.
- (2) Appointment of temporary or permanent receivers.
- (3) Permanent removal of trustees.
(4) Appointment of permanent replacement trustees subject to court approval.
A remedy under this subsection is in addition to any other remedy.
- (d) The attorney general may seek a remedy listed in subsection (c) against a trustee, a trust, or any other person described in subsection (a) for a breach, violation, or failure enumerated in subsection (b).
(e) A court in which an action is brought under this section may do the following:
- (1) Issue a temporary restraining order, preliminary injunction, or permanent injunction.
- (2) Order a trustee, an escrow agent, a seller (as defined in IC 30-2-13-10 ), a cemetery owner, or a funeral home to pay restitution or money unlawfully received or retained from purchasers and deposit the restitution or money into an escrow account for distribution to aggrieved purchasers.
- (3) Order a trustee, an escrow agent, a seller (as defined in IC 30-2-13-10 ), a cemetery owner, or a funeral home to reimburse the state for reasonable costs incurred by the attorney general in investigating and prosecuting a violation of this section.
- (4) Impose civil penalties.
- (5) Provide for the appointment of a receiver.
As added by P.L.245-2005, SEC.8. Amended by P.L.61-2008, SEC.15.