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2012 Maine Revised Statutes
TITLE 13: CORPORATIONS
Chapter 83: CEMETERY CORPORATIONS
13 §1348. Permanent care and improvement fund


13 ME Rev Stat § 1348 (2012 through 125th Legis) What's This?

Part 2: CORPORATIONS WITHOUT CAPITAL

Subchapter 4: MAUSOLEUMS AND VAULTS

§1348. Permanent care and improvement fund

Every cemetery association or other agency establishing, maintaining and operating a community mausoleum shall create and establish a permanent care and improvement fund, distinct and separate from the permanent care and improvement fund of its cemetery, the income whereof shall be devoted to the care, maintenance and improvement of such community mausoleum. Such permanent care and improvement fund shall be created by applying to such fund at least 30% of the proceeds received, in full and installments, from the sales of crypts in such mausoleum.

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