Alabama § 34-13-274 Annual Report

Alabama Statutes

§ 34-13-274 — Annual Report

Alabama·Title 34 Professions and Businesses·Ch. 13 Funeral Services·Art. 5 Alabama Preneed Funeral and Cemetery Act of 2023·Div. 4 Cemetery Merchandise and Services Trust Fund

An annual report of the endowment care fund shall be made to the board by each cemetery authority within 90 days of the close of each calendar year. This report shall include the qualified trustee’s name or names, the bond numbers if individual trustees or the name and address of the financial institution in which the fund is maintained, and the affidavit of the cemetery authority affirming compliance with this chapter. Prior to the sale or transfer of a cemetery, the cemetery authority shall report and document to the board that the endowment care fund is currently funded in accordance with this chapter.

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An annual report of the endowment care fund shall be made to the board by each cemetery authority within 90 days of the close of each calendar year. This report shall include the qualified trustee’s name or names, the bond numbers if individual trustees or the name and address of the financial institution in which the fund is maintained, and the affidavit of the cemetery authority affirming compliance with this chapter. Prior to the sale or transfer of a cemetery, the cemetery authority shall report and document to the board that the endowment care fund is currently funded in accordance with this chapter.

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