16-329. Same; notice of intent to sell merchandise contracts filed with secretary of state.
16-329
16-329. Same; notice of intent to sell merchandise contracts filed with
secretary of state.
No cemetery corporation shall enter into any prepaid merchandise contract
until such corporation has filed with the secretary of state a notification
of its intention to sell and engage in such prepaid merchandise
contracts. Such notice shall include the name of the cemetery corporation,
its principal place of business and the name and address of the trustee
or trustees to be utilized under the provisions of this act.
Accounting records and information required by this act shall be maintained
in a format approved by the secretary of state. A report of the merchandise
trust account shall be required of the cemetery corporation annually as
part of the corporation's annual report on a form provided or approved by
the secretary of state.
History: L. 1982, ch. 96, § 10; Jan. 1, 1983.