reglab/housing_qa huggingface dataset:
IN Code § 30-2-12-0.4 (2021)
2021 Indiana Code|Title 30. Trusts and Fiduciaries|Article 2. General Provisions|Chapter 12. Uniform Management of Institutional Funds Act|30-2-12-0.4. Short Title

Sec. 0.4. This chapter may be cited as the Uniform Prudent Management of Institutional Funds Act.As added by P.L.85-2016, SEC.1.
IN Code § 30-2-12-0.5 (2021)
2021 Indiana Code|Title 30. Trusts and Fiduciaries|Article 2. General Provisions|Chapter 12. Uniform Management of Institutional Funds Act|30-2-12-0.5. Application of Chapter

Sec. 0.5. This chapter applies to gift instruments, whenever executed or in effect.As added by P.L.220-2011, SEC.484.
IN Code § 30-2-12-1 (2021)
2021 Indiana Code|Title 30. Trusts and Fiduciaries|Article 2. General Provisions|Chapter 12. Uniform Management of Institutional Funds Act|30-2-12-1. Application of Chapter

Sec. 1. (a) This chapter applies to an institutional fund in existence after June 30, 2007.(b) For an institutional fund in existence before July 1, 2007, this chapter applies only to decisions made or actions taken after June 30, 2007.As added by P.L.268-1989, SEC.1. Amended by P.L.226-2007, SEC.7.
IN Code § 30-2-12-1.3 (2021)
2021 Indiana Code|Title 30. Trusts and Fiduciaries|Article 2. General Provisions|Chapter 12. Uniform Management of Institutional Funds Act|30-2-12-1.3. "Charitable Purpose" Defined

Sec. 1.3. As used in this chapter, "charitable purpose" means the following:(1) Relief of poverty.(2) Advancement of education.(3) Advancement of religion.(4) Promotion of health.(5) Promotion of a governmental purpose.(6) Any other purpose the achievement of which benefits the community.As added by P.L.226-2007, SEC.8.
IN Code § 30-2-12-2 (2021)
2021 Indiana Code|Title 30. Trusts and Fiduciaries|Article 2. General Provisions|Chapter 12. Uniform Management of Institutional Funds Act|30-2-12-2. "Endowment Fund" Defined

Sec. 2. As used in this chapter, "endowment fund" means an institutional fund, or any part of the fund, not wholly expendable by the institution on a current basis under the terms of the applicable gift instrument. The term does not include assets that an institution designates as an endowment fund for the institution's use.As added by P.L.268-1989, SEC.1. Amended by P.L.226-2007, SEC.9.
IN Code § 30-2-12-3 (2021)
2021 Indiana Code|Title 30. Trusts and Fiduciaries|Article 2. General Provisions|Chapter 12. Uniform Management of Institutional Funds Act|30-2-12-3. "Gift Instrument" Defined

Sec. 3. As used in this chapter, "gift instrument" means a record, including any institutional solicitations, under which property is granted or transferred to or held by an institution as an institutional fund.As added by P.L.268-1989, SEC.1. Amended by P.L.226-2007, SEC.10.
IN Code § 30-2-12-5 (2021)
2021 Indiana Code|Title 30. Trusts and Fiduciaries|Article 2. General Provisions|Chapter 12. Uniform Management of Institutional Funds Act|30-2-12-5. "Institution" Defined

Sec. 5. As used in this chapter, "institution" means any of the following:(1) A person, other than an individual, that is organized and operated exclusively for charitable purposes.(2) The state, including any agency or instrumentality of the state, or a unit of local government to the extent that the state or unit holds funds exclusively for charitable purposes.(3) A trust that has only charitable interests, including a trust:(A) that previously had both charitable and noncharitable interests; and(B) the noncharitable interests of which were previously terminated.As added by P.L.268-1989, SEC.1. Amended by P.L.199-1991, SEC.1; P.L.266-1995, SEC.2; P.L.2-2007, SEC.356; P.L.226-2007, SEC.11; P.L.3-2008, SEC.227.
IN Code § 30-2-12-6 (2021)
2021 Indiana Code|Title 30. Trusts and Fiduciaries|Article 2. General Provisions|Chapter 12. Uniform Management of Institutional Funds Act|30-2-12-6. "Institutional Fund" Defined

Sec. 6. As used in this chapter, "institutional fund" means a fund held by an institution exclusively for charitable purposes. The term does not include the following:(1) A fund held for an institution by a trustee that is not an institution.(2) A fund in which a beneficiary that is not an institution has an interest, other than possible rights that could arise upon violation or failure of the purposes of the fund.(3) Assets held by an institution primarily for charitable purposes and not primarily for investment purposes.As added by P.L.268-1989, SEC.1. Amended by P.L.266-1995, SEC.3; P.L.226-2007, SEC.12.
IN Code § 30-2-12-6.4 (2021)
2021 Indiana Code|Title 30. Trusts and Fiduciaries|Article 2. General Provisions|Chapter 12. Uniform Management of Institutional Funds Act|30-2-12-6.4. "Person" Defined

Sec. 6.4. As used in this chapter, "person" means an individual, a corporation, a business trust, an estate, a trust, a partnership, a limited liability company, an association, a joint venture, a public corporation, the state of Indiana, a state agency or instrumentality, a unit of local government, or any other legal or commercial entity.As added by P.L.226-2007, SEC.13.
IN Code § 30-2-12-6.7 (2021)
2021 Indiana Code|Title 30. Trusts and Fiduciaries|Article 2. General Provisions|Chapter 12. Uniform Management of Institutional Funds Act|30-2-12-6.7. "Record" Defined

Sec. 6.7. As used in this chapter, "record" means information that is:(1) inscribed on a tangible medium; or(2) stored in an electronic or other medium; andis retrievable in a perceivable form.As added by P.L.226-2007, SEC.14.
IN Code § 30-2-12-9 (2021)
2021 Indiana Code|Title 30. Trusts and Fiduciaries|Article 2. General Provisions|Chapter 12. Uniform Management of Institutional Funds Act|30-2-12-9. Appropriation or Accumulation of Endowment Funds; Gift Instrument

Sec. 9. (a) Subject to the terms of a gift instrument, an institution may appropriate for expenditure or accumulate so much of an endowment fund that the institution determines is prudent for the uses, benefits, purposes, and duration of the endowment fund. Except as provided in a gift instrument, the assets in an endowment fund are donor restricted until appropriated by the institution.(b) In determining to appropriate or accumulate endowment funds, an institution shall:(1) act in good faith and with the care a prudent person acting in a like position would use under similar circumstances; and(2) consider the following factors:(A) The duration and preservation of the endowment fund.(B) The purposes of the institution and the endowment fund.(C) General economic conditions.(D) The possible effects of inflation or deflation.(E) The expected total return from income and the appreciation of investments.(F) Other resources of the institution.(G) The investment policy of the institution.(c) To be effective, a gift instrument must specifically state a limitation on the authority of an institution to appropriate or accumulate under subsection (a).(d) A gift instrument that designates a gift as an endowment or contains a direction or authorization to use only income, interest, dividends, rents, issues, or profits, or to preserve the principal intact, or a similar direction:(1) creates an endowment fund of permanent duration unless the gift instrument states otherwise; and(2) does not otherwise limit the authority to appropriate or accumulate under subsection (a).As added by P.L.268-1989, SEC.1. Amended by P.L.226-2007, SEC.15.
IN Code § 30-2-12-15 (2021)
2021 Indiana Code|Title 30. Trusts and Fiduciaries|Article 2. General Provisions|Chapter 12. Uniform Management of Institutional Funds Act|30-2-12-15. Delegation of Management or Investment of Institutional Fund; Duties of Agent

Sec. 15. (a) Subject to the terms of a gift instrument and except as provided in any other law, an institution may delegate to an agent the management or investment of an institutional fund. The institution shall act in good faith and with the care a prudent person acting in a like position would use under similar circumstances in doing the following:(1) Selecting an agent.(2) Establishing the scope and terms of the delegation, subject to the purposes of the institution and the institutional fund.(3) Periodically reviewing the agent's actions to monitor the agent's performance of and compliance with the scope and terms of the delegation.An institution that complies with this subsection is not liable for the decisions or actions of an agent to whom the management or investment of an institutional fund is delegated.(b) An agent shall exercise reasonable care to perform a delegated function in compliance with the scope and terms of the delegation.(c) An agent that accepts the delegation of a management or investment function from an institution submits to the jurisdiction of Indiana courts in all proceedings concerning the delegation or the performance of a delegated function.(d) An institution may delegate management or investment functions to its committees, officers, or employees as otherwise provided by law.As added by P.L.226-2007, SEC.18.
IN Code § 30-2-12-16 (2021)
2021 Indiana Code|Title 30. Trusts and Fiduciaries|Article 2. General Provisions|Chapter 12. Uniform Management of Institutional Funds Act|30-2-12-16. Determination of Compliance

Sec. 16. Compliance with this chapter shall be determined in light of the facts and circumstances existing at the time a decision is made or action is taken and not by hindsight.As added by P.L.226-2007, SEC.19.
IN Code § 30-2-12-17 (2021)
2021 Indiana Code|Title 30. Trusts and Fiduciaries|Article 2. General Provisions|Chapter 12. Uniform Management of Institutional Funds Act|30-2-12-17. Effect on Existing Law

Sec. 17. (a) Except as provided in subsection (b), this chapter modifies, limits, and supersedes the Electronic Signatures in Global and National Commerce Act, 15 U.S.C. 7001 et seq.(b) This chapter does not:(1) modify, limit, or supersede 15 U.S.C. 7001(a); or(2) authorize electronic delivery of a notice described in 15 U.S.C. 7003(b).As added by P.L.226-2007, SEC.20.
IN Code § 30-2-12-18 (2021)
2021 Indiana Code|Title 30. Trusts and Fiduciaries|Article 2. General Provisions|Chapter 12. Uniform Management of Institutional Funds Act|30-2-12-18. Consideration for Uniformity of Law

Sec. 18. In applying and construing this chapter, consideration must be given to the need to promote uniformity of the law with respect to its subject matter among states that enact it.As added by P.L.226-2007, SEC.21.
IN Code § 30-2-13-1 (2021)
2021 Indiana Code|Title 30. Trusts and Fiduciaries|Article 2. General Provisions|Chapter 13. Payment of Funeral, Burial Services, or Merchandise in Advance of Need|30-2-13-1. Applicability of Chapter

Sec. 1. (a) Except as provided in subsection (b), this chapter applies to any written agreement between a purchaser and a seller that obligates the seller to provide prepaid services or merchandise, or both, for a named individual in conjunction with the death, funeral, burial, or final disposition of the individual.(b) Except as provided in subsections (c) and (d), this chapter does not apply to the following:(1) Perpetual care funds under IC 23-14-48.(2) The sale of burial rights. However, this chapter applies to the sale of services or merchandise sold in conjunction with the sale of burial rights and to the use of free or discounted burial rights as an inducement for a purchaser to transfer sellers.(3) A contract between a purchaser and a seller that requires delivery of prepaid services or merchandise, or both, not later than one (1) year after the date of final payment and for circumstances other than death.(c) The annual reporting requirements of section 31 of this chapter apply to a perpetual care fund.(d) The solicitation requirements of section 24 of this chapter and the provisions concerning inducement in section 13(h) of this chapter apply to the sale of burial rights.As added by P.L.200-1991, SEC.1. Amended by P.L.207-1993, SEC.25; P.L.120-1994, SEC.2; P.L.241-1995, SEC.2; P.L.114-1999, SEC.1; P.L.14-2000, SEC.62.
IN Code § 30-2-13-2 (2021)
2021 Indiana Code|Title 30. Trusts and Fiduciaries|Article 2. General Provisions|Chapter 13. Payment of Funeral, Burial Services, or Merchandise in Advance of Need|30-2-13-2. "Agent"

Sec. 2. As used in this chapter, "agent" means a person authorized by a seller to offer, sell, or solicit the sale of a contract on behalf of the seller and includes an employee or independent contractor of the seller.As added by P.L.200-1991, SEC.1.
IN Code § 30-2-13-2.5 (2021)
2021 Indiana Code|Title 30. Trusts and Fiduciaries|Article 2. General Provisions|Chapter 13. Payment of Funeral, Burial Services, or Merchandise in Advance of Need|30-2-13-2.5. "At-Need Services and Merchandise"

Sec. 2.5. (a) As used in this chapter, "at-need services and merchandise" includes personal property or services:(1) listed in section 8(1) of this chapter; and(2) purchased after the time of death.(b) The term does not include burial rights.As added by P.L.207-1993, SEC.26.
IN Code § 30-2-13-3 (2021)
2021 Indiana Code|Title 30. Trusts and Fiduciaries|Article 2. General Provisions|Chapter 13. Payment of Funeral, Burial Services, or Merchandise in Advance of Need|30-2-13-3. "Board"

Sec. 3. As used in this chapter, "board" refers to the state board of funeral and cemetery service established by IC 25-15-9-1.As added by P.L.200-1991, SEC.1.
IN Code § 30-2-13-4 (2021)
2021 Indiana Code|Title 30. Trusts and Fiduciaries|Article 2. General Provisions|Chapter 13. Payment of Funeral, Burial Services, or Merchandise in Advance of Need|30-2-13-4. "Contract"

Sec. 4. As used in this chapter, "contract" means a written agreement between a purchaser and a seller that:(1) obligates the seller to provide prepaid services or merchandise, or both, for a named individual; and(2) becomes irrevocable thirty (30) days after the written agreement is signed by the purchaser and seller.As added by P.L.200-1991, SEC.1.
IN Code § 30-2-13-5 (2021)
2021 Indiana Code|Title 30. Trusts and Fiduciaries|Article 2. General Provisions|Chapter 13. Payment of Funeral, Burial Services, or Merchandise in Advance of Need|30-2-13-5. "Delivery"

Sec. 5. As used in this chapter, "delivery" means the time when:(1) services are performed in connection with the funeral or other disposition of the purchaser or the individual for whom services are to be provided under the contract;(2) except for merchandise described in section 8(1)(A) and 8(1)(C) of this chapter, the merchandise is:(A) in the possession of the purchaser or used for the intended purpose of the merchandise; or(B) permanently installed on or in cemetery property, the burial rights to which have been transferred or granted to the purchaser or individual for whose interment the merchandise is to be used; or(3) except for merchandise described in section 8(1)(A) and 8(1)(C) of this chapter, the merchandise is:(A) purchased by the seller and stored in manufactured form, in a manner and number equal to all merchandise sold, on the premises where the merchandise is to be used or installed and specifically identified in the name of the purchaser, although any applicable installation or final finishing fees remain subject to the terms of the contract made under this chapter; or(B) permanently identified with the name of the purchaser or individual for whom the merchandise is to be provided and delivered to a warehouse, with both title to the merchandise and a warehouse receipt delivered to the purchaser, and notification to and acceptance of delivery acknowledged in writing by the purchaser.As added by P.L.200-1991, SEC.1. Amended by P.L.241-1995, SEC.3; P.L.236-1995, SEC.52; P.L.114-1999, SEC.2.
IN Code § 30-2-13-6 (2021)
2021 Indiana Code|Title 30. Trusts and Fiduciaries|Article 2. General Provisions|Chapter 13. Payment of Funeral, Burial Services, or Merchandise in Advance of Need|30-2-13-6. "Fund"

Sec. 6. As used in this chapter, "fund" refers to the preneed consumer protection fund established by section 28 of this chapter.As added by P.L.200-1991, SEC.1.
IN Code § 30-2-13-7 (2021)
2021 Indiana Code|Title 30. Trusts and Fiduciaries|Article 2. General Provisions|Chapter 13. Payment of Funeral, Burial Services, or Merchandise in Advance of Need|30-2-13-7. "Insurance Policy"

Sec. 7. As used in this chapter, "insurance policy" means a policy providing one (1) or more of the types of insurance described in IC 27-1-5-1, Class 1(a) and Class 1(c).As added by P.L.200-1991, SEC.1.
IN Code § 30-2-13-8 (2021)
2021 Indiana Code|Title 30. Trusts and Fiduciaries|Article 2. General Provisions|Chapter 13. Payment of Funeral, Burial Services, or Merchandise in Advance of Need|30-2-13-8. "Prepaid Services or Merchandise" or "Services or Merchandise"

Sec. 8. As used in this chapter, "prepaid services or merchandise" or "services or merchandise" includes personal property or services:(1) typically sold or provided in connection with the final disposition or memorialization of human remains, including:(A) caskets or other primary containers, including rental, temporary, or disposable caskets or containers;(B) outer burial containers;(C) cremation or transportation containers;(D) funeral clothing or accessories;(E) monuments;(F) grave markers;(G) cremation urns;(H) embalming services;(I) funeral directing services provided at the time of death and in connection with the final disposition of human remains;(J) final date carving fees, including carving fees for double monuments;(K) cremation;(L) cremation services;(M) other funeral and burial items, including items of service or merchandise that may be rented or leased; and(N) services or merchandise otherwise described as cash advance items under section 11.5 of this chapter and sold directly by the seller and not provided by a third person; and(2) purchased in advance of need to be provided or delivered after the death of the purchaser or individual for whom services or merchandise are to be provided in the contract.As added by P.L.200-1991, SEC.1. Amended by P.L.207-1993, SEC.27; P.L.241-1995, SEC.4; P.L.114-1999, SEC.3.
IN Code § 30-2-13-9 (2021)
2021 Indiana Code|Title 30. Trusts and Fiduciaries|Article 2. General Provisions|Chapter 13. Payment of Funeral, Burial Services, or Merchandise in Advance of Need|30-2-13-9. "Purchaser"

Sec. 9. As used in this chapter, "purchaser" means a person or firm contracting with a seller for services or merchandise to be provided or delivered for a named individual.As added by P.L.200-1991, SEC.1. Amended by P.L.207-1993, SEC.28; P.L.114-1999, SEC.4; P.L.143-2009, SEC.17; P.L.101-2010, SEC.5; P.L.34-2011, SEC.8.
IN Code § 30-2-13-10 (2021)
2021 Indiana Code|Title 30. Trusts and Fiduciaries|Article 2. General Provisions|Chapter 13. Payment of Funeral, Burial Services, or Merchandise in Advance of Need|30-2-13-10. "Seller"

Sec. 10. As used in this chapter, "seller" means a person doing business as a sole proprietor, a firm, a limited liability company, a corporation, an association, or a partnership contracting to provide services or merchandise, or both, to a named individual.As added by P.L.200-1991, SEC.1. Amended by P.L.8-1993, SEC.468; P.L.114-1999, SEC.5.
IN Code § 30-2-13-11 (2021)
2021 Indiana Code|Title 30. Trusts and Fiduciaries|Article 2. General Provisions|Chapter 13. Payment of Funeral, Burial Services, or Merchandise in Advance of Need|30-2-13-11. "Trustee" or "Escrow Agent, Acting as a Fiduciary"

Sec. 11. (a) As used in this chapter, "trustee" or "escrow agent, acting as a fiduciary", means a:(1) bank;(2) trust company;(3) savings association; or(4) credit union;that maintains an office in Indiana and is qualified under state or federal law to serve as a trustee or escrow agent, acting as a fiduciary.(b) For a contract using a life insurance policy as consideration, the term also includes a life insurance company or other entity that establishes a trust for the purposes of holding and administering life insurance policies issued by an insurance company to fund contracts under this chapter. Notwithstanding any other law to the contrary, a life insurance company or other entity acting as a trustee shall comply with this chapter.(c) For a contract using a previously issued life insurance policy as consideration, the seller is considered to be a qualified trustee if ownership is irrevocably assigned to the seller in conjunction with an assignment of death benefits.As added by P.L.200-1991, SEC.1. Amended by P.L.241-1995, SEC.5; P.L.79-1998, SEC.94; P.L.114-1999, SEC.6.
IN Code § 30-2-13-11.5 (2021)
2021 Indiana Code|Title 30. Trusts and Fiduciaries|Article 2. General Provisions|Chapter 13. Payment of Funeral, Burial Services, or Merchandise in Advance of Need|30-2-13-11.5. "Cash Advance Item"

Sec. 11.5. (a) As used in this chapter, "cash advance item" means an item of property, or services, or merchandise that is not sold directly by a seller and is described to a purchaser as one (1) of the following:(1) A cash advance.(2) An accommodation.(3) A cash disbursement.(4) An estimated future charge by a third party.(5) A similar term.(b) The term also refers to a service or property obtained from a third party for which the seller collects an estimated payment to be held in trust or escrow until services or merchandise subject to a contract are delivered because the cost of the service or property can only be estimated at the time the contract is made.(c) Cash advance items include the following:(1) Cemetery or crematory services.(2) Pallbearers.(3) Public transportation.(4) Clergy honoraria.(5) Flowers.(6) Musicians or singers.(7) Nurses.(8) Obituary notices.(9) Gratuities.(10) Death Certificates.(11) Sales tax.(12) Foreign language interpreters.(13) Religious commemorative services.(14) Fees charged for the following:(A) Interment.(B) Opening and closing of a grave or crypt.(d) If property or services are not cash advance items under this section, they are services or merchandise under section 8 of this chapter.As added by P.L.114-1999, SEC.7.