Section 55-12-4 - Perpetual care cemetery--Continuance of operation--Additions to perpetual care fund.
55-12-4. Perpetual care cemetery--Continuance of operation--Additions to perpetual care fund. To continue to operate as a perpetual care cemetery, any such organization shall set aside and deposit in the perpetual care fund not less than the following amounts for lots of interment space thereafter sold or disposed of:
(1) A minimum of twenty percent of the gross selling price with a minimum of twenty dollars for each adult burial space, whichever is the greater.
(2) A minimum of twenty percent of the gross selling price for each child's space with a minimum of five dollars for each space up to forty-two inches in length or ten dollars for each space up to sixty inches in length, whichever is the greater.
(3) A minimum of twenty percent of the gross selling price with a minimum of one hundred dollars for each crypt in a public mausoleum, whichever is the greater.
(4) A minimum of twenty percent of the gross selling price with a minimum of ten dollars for each inurnment niche in a public columbarium.
Source: SL 1955, ch 97, § 3; SDC Supp 1960, § 11.19A03.