(a) General rule.--No cemetery company shall establish a cemetery, or dispose or make sale of any lot therein, without first causing to be deposited with a qualified trustee a sum of not less than $25,000 as a permanent lot care fund.
(b) Exceptions.--The provisions of subsection (a) of this section shall not apply to any bona fide church or religious congregation or any association created by any such bona fide church or religious congregation.
Cross References. Section 301 is referred to in sections 304, 305, 306 of this title.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Chapter 3 - Regulation of Cemetery Companies
Section 301 - Initial deposits by newly-organized cemetery companies
Section 302 - Initial deposits by existing cemetery companies
Section 303 - Periodic deposits
Section 304 - Registration and filing affidavit of compliance
Section 305 - Use of permanent lot care fund
Section 306 - Status and readjustment of permanent lot care fund
Section 307 - Investment and operation of fund
Section 308 - Accounts of qualified trustee
Section 309 - Incorporated cemetery company as qualified trustee
Section 311 - Effect of chapter on articles of existing incorporated cemetery companies
Section 312 - Engaging in cemetery business in unauthorized manner