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2018 Alaska Statutes
Title 10. Corporations and Associations
Chapter 30. Cemetery Associations and Nonprofit Cemetery Corporations
Sec. 10.30.080. Disposition of income from cemetery land.
Universal Citation: AK Stat § 10.30.080 (2018)
After paying for the land, the future receipts and income of a cemetery association or nonprofit cemetery corporation, subject to the creation of an irreducible fund, whether from the sale of lots, from donations, rents, or otherwise, shall be applied exclusively to laying out, preserving, protecting, and embellishing the cemetery and the avenues leading to it, the erection of buildings necessary or convenient for the cemetery purpose, and to paying the necessary expenses of the association or corporation.
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