9 Pa.C.S. § 302 Initial Deposits By Existing Cemetery Companies

• Library: Pennsylvania Statutes
• Edition: 2023
• Currency: Current through P.A. Acts 2023-66
• Year: 2023
• Citation: 9 Pa.C.S. § 302

(a) General rule.--No cemetery company specified in subsections (b) or (c) of this section shall dispose or make any sale of any lot situated in the cemetery of such cemetery company, without first causing to be deposited with a qualified trustee a sum of not less than $50,000 as a permanent lot care fund.

(b) Unincorporated companies.--The provisions of subsection (a) of this section shall apply to every unincorporated cemetery company:

(1) which established a cemetery on or after October 2, 1959; or