§ 307. Investment and operation of fund. The permanent lot care fund shall be invested by the qualified trustee in the manner authorized for fiduciaries by the Fiduciaries Investment Act of 1949, and the qualified trustee, if an institutional trustee, shall pay semiannually the net income of the fund to the cemetery company for the purposes set forth in this chapter.
References in Text. The Fiduciaries Investment Act of 1949, referred to in this section, was repealed June 30, 1972 (P.L.508, No.164), effective July 1, 1972. The subject matter is now contained in Chapter 73 of Title 20 (Decedents, Estates and Fiduciaries).
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