§ 303. Periodic deposits. Every cemetery company shall set aside annually and deposit into a permanent lot care fund a sum equal to at least 15% of the gross amount of the funds arising from each of the following:
(1) The sale of lots in the cemetery of such cemetery company or a sum equal to at least $1 per square foot of each lot sold, whichever is greater.
(2) The construction cost of each crypt sold in a mausoleum of the cemetery company or $50 per crypt, whichever is greater.
(3) The construction cost of each niche sold in a columbarium of the cemetery company or $25 per niche, whichever is greater. (Dec. 3, 1993, P.L.485, No.71, eff. 60 days)
Cross References. Section 303 is referred to in sections 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