After paying for the land, the future receipts and income of a cemetery association or nonprofit cemetery corporation, subject to the creation of an irreducible fund, whether from the sale of lots, from donations, rents, or otherwise, shall be applied exclusively to laying out, preserving, protecting, and embellishing the cemetery and the avenues leading to it, the erection of buildings necessary or convenient for the cemetery purpose, and to paying the necessary expenses of the association or corporation.
Structure Alaska Statutes
Title 10. Corporations and Associations
Chapter 30. Cemetery Associations and Nonprofit Cemetery Corporations
Sec. 10.30.010. Formation of cemetery association.
Sec. 10.30.030. Effect of filing and recording.
Sec. 10.30.040. Succession and powers of trustees.
Sec. 10.30.055. Formation of nonprofit cemetery corporation.
Sec. 10.30.058. Other transactions.
Sec. 10.30.070. Creation and use of irreducible fund.
Sec. 10.30.080. Disposition of income from cemetery land.
Sec. 10.30.090. Debts of association or corporation.
Sec. 10.30.100. Transfer of cemetery lots.
Sec. 10.30.110. Sale of unsuitable land.
Sec. 10.30.120. Purpose of cemetery lots sold; exemptions.
Sec. 10.30.130. Plans of grounds and cemetery lots.
Sec. 10.30.140. Maintenance of cemetery land.