2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 523I - IOWA CEMETERY ACT
523I.807 - CARE FUND DEPOSITS.

        523I.807  CARE FUND DEPOSITS.
         1.  To continue to operate as a perpetual care cemetery, a
      cemetery shall set aside and deposit in the care fund an amount equal
      to or greater than fifty dollars or twenty percent of the gross
      selling price received by the cemetery for each sale of interment
      rights, whichever is more.
         2.  A cemetery may require a contribution to the care fund for
      perpetual care of a memorial or memorialization placed in the
      cemetery.  A cemetery may establish a separate care fund for this
      purpose.  The contributions shall be nonrefundable and shall not be
      withdrawn from the trust fund once deposited.  The amount charged
      shall be uniformly charged on every installation of a memorial, based
      on the height and width of the memorial or the size of the ground
      surface area used for the memorial.  A fee for special care of a
      memorial may be collected if the terms of the special care items and
      arrangements are clearly specified in the interment rights agreement.
      Except as otherwise provided in an interment rights agreement, a
      cemetery is not liable for repair or maintenance of memorials or
      vandalism.  A cemetery may use income from a care fund to repair or
      replace memorials or interment spaces damaged by vandalism or acts of
      God.
         3.  Moneys shall be deposited in the care fund no later than the
      fifteenth day after the close of the month when the cemetery receives
      the final payment from a purchaser of interment rights.  

         2005 Acts, ch 128, §62