17-1312d. Maintenance fund; failure to establish or maintain; forfeiture of franchise.
17-1312d
17-1312d. Maintenance fund; failure to establish or maintain;
forfeiture of franchise.
Any cemetery corporation which shall refuse or neglect to establish or
maintain a permanent maintenance fund in accordance with the requirements
of this act for each cemetery owned by it for a period of ninety (90) days
after demand to do so is made upon it by the secretary of state shall be
deemed to have forfeited its franchise. The attorney general, upon the
request of the secretary of state, shall then begin action for the
appointment of a receiver for such cemetery corporation and to dissolve the
same.
History: L. 1968, ch. 330, § 8; L. 1974, ch. 95, § 4; July 1.