12-512.05 Perpetual care and maintenance guarantee fund; establish; amount required.
12-512.05. Perpetual care and maintenance guarantee fund; establish; amount required.Every association organized after September 18, 1955, under the provisions of Chapter 12, article 5, shall, before selling or disposing of any interment space or lots, establish a minimum perpetual care and maintenance guarantee fund of not less than two thousand five hundred dollars in cash to be administered by the trustee or trustees of the perpetual care fund selected as provided in section 12-512.03. SourceLaws 1955, c. 18, § 3, p. 92; Laws 1967, c. 39, § 1, p. 169.