2005 Vermont Code - § 1-524. — Limitation on investments

§ 1-524. Limitation on investments

The trustee of the cemetery trust funds is authorized to invest not more than fifty (50) percent of trust funds held by the trustees of the board of cemetery trust funds at the time of the adoption of this provision, and not more than fifty (50) percent of such funds placed in its hands for investment in the future in investment companies or investment trusts, provided, however, that the trustee shall be authorized to reinvest earnings or capital gains derived from such investments as they accrue, in the same or similar investment as it may deem feasible.