523I.604 - LIEN AGAINST CEMETERY PROPERTY.
523I.604 LIEN AGAINST CEMETERY PROPERTY. 1. A cemetery, by contract, may incur indebtedness as necessary to conduct its business and may secure the indebtedness by mortgage, deed of trust, or other lien against its property. 2. A mortgage, deed of trust, or other lien placed on dedicated cemetery property, or on cemetery property that is later dedicated with the consent of the holder of the lien, does not affect the dedication and is subject to the dedication. A sale on foreclosure of the lien is subject to the dedication of the property for cemetery purposes.
Section History: Recent Form 2005 Acts, ch 128, §52