An endowment care fund and all payments or contributions to it are expressly permitted as and for charitable and eleemosynary purposes. No payment, gift, grant, bequest, or other contribution for endowment care is invalid by reason of any indefiniteness or uncertainty of the persons designated as beneficiaries in the instruments creating the fund, nor is the fund or any contributions to it invalid as violating any law against perpetuities, or the suspension of the power of alienation of title to property.
Structure Code of Alabama
Chapter 17A - Preneed Funeral and Cemetery Act.
Article 4 - Cemetery Merchandise and Services Trust Fund.
Section 27-17A-40 - Applicability of Article.
Section 27-17A-41 - Trust Fund; Trustee; Interests of Purchaser; Seller.
Section 27-17A-43 - Cancellation of Contract; Withdrawal From Trust Fund.
Section 27-17A-44 - Rights of Seller.
Section 27-17A-45 - Endowment Care Fund.
Section 27-17A-46 - Endowment Care Cemeteries.
Section 27-17A-47 - Establishment and Management of Endowment Care Fund.
Section 27-17A-48 - Maintenance of Records.
Section 27-17A-49 - Endowment Care Fund Deposits; Qualification as Endowment Care Cemetery.
Section 27-17A-51 - Propriety of Expenditures; Income Payments to Cemetery Authority.
Section 27-17A-52 - Disclosure of Activities and Statement of Investments.
Section 27-17A-53 - Disposal of Assets or Investments.
Section 27-17A-54 - Annual Report.
Section 27-17A-55 - Construction of Mausoleum, Etc.