unincorporated cemetery
The owner of lots in any private unincorporated cemetery may deposit
in trust for the care of such lots a sum not exceeding four hundred
dollars for each lot so owned with any bank or banking institution
located in a city, town or village conveniently near such private
unincorporated cemetery, provided such bank or banking institution is
willing to accept such money in trust and agrees to apply the proceeds
of the interest thereon to the care and upkeep of such lots. Such banks
or banking institutions are hereby authorized to accept such money for
the purpose described herein and to apply the proceeds of the interest
thereon to the care and upkeep of any such lots. The provisions of this
section do not apply to savings banks.
Structure New York Laws
EPT - Estates, Powers and Trusts
Part 1 - Rules Governing Charitable Trusts
8-1.1 - Disposition of Property for Charitable Purposes
8-1.2 - Certain Charitable Trusts Authorized
8-1.3 - Certain Charitable Trusts Regulated
8-1.4 - Supervision of Trustees for Charitable Purposes
8-1.5 - Trusts for Cemetery Purposes
8-1.6 - Deposit of Money in Trust by Owner of Lots in Private Unincorporated Cemetery