523I.809 - TRUST AGREEMENT PROVISIONS.
523I.809 TRUST AGREEMENT PROVISIONS. 1. A trust agreement shall provide for the appointment of at least one trustee, with perpetual succession, in case the cemetery is dissolved or ceases to be responsible for the cemetery's care. 2. A cemetery and the trustee or trustees of the care fund may, by agreement, amend the instrument that established the fund to include any provision that is necessary to comply with the requirements of this chapter. 3. A cemetery is responsible for the deposit of all moneys required to be placed in a care fund. 4. The commissioner may require the amending of a trust agreement that is not in accord with the provisions of this chapter.
Section History: Recent Form 2005 Acts, ch 128, §64