Download as PDF
367.962 Allocation of payments -- Increase of gross sale price prohibited.
(1)
(2)
Whenever any contract for sale shall be entered into in which items of
cemetery merchandise and rights to interment, inurnment or entombment are
included, without allocation of the gross sale price among the items sold, the
application of payments received under the contract shall be allocated, first to
the right to interment, inurnment or entombment, second to items of cemetery
merchandise relating to memorialization and third, to items relating to the
disposition of the remains of a dead human being, including preneed funeral
merchandise and services, unless some other allocation is clearly provided in
the contract.
Any person engaging in a combination sale which involves the sale of any item
in addition to the sale of cemetery merchandise or a combination sale which
involves the sale of any item in addition to the sale of rights to interment,
inurnment or entombment shall be prohibited from increasing the gross sales
price of those items which require the lesser trust fund deposit with the purpose
of allocating a lesser gross sales price to items which require a higher trust
fund requirement.
Effective:July 13, 1984
History: Repealed, reenacted, and amended as KRS 367.962, 1984 Ky. Acts
ch. 116, Ky. Acts ch. 18, effective July 13, 1984. -- Created 1976 Ky. Acts
ch. 294, sec. 8.
Formerly codified as KRS 307.160.
Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
