§ 523I.807 — Care fund deposits

Iowa § 523I.807

• Jurisdiction: Iowa
• Title XIII: COMMERCE
• Ch. 523I: IOWA CEMETERY ACT

Text

1. To continue to operate as a perpetual care cemetery, a cemetery shall set aside and
deposit in the care fund an amount equal to or greater than fifty dollars or twenty percent of
the gross selling price received by the cemetery for each sale of interment rights, whichever
is more.
2. Acemeterymayrequireacontributiontothecarefundforperpetualcareofamemorial
or memorialization placed in the cemetery. A cemetery may establish a separate care fund
for this purpose. The contributions shall be nonrefundable and shall not be withdrawn from
the trust fund once deposited. The amount charged shall be uniformly charged on every
installation of a memorial, based on the height and width of the memorial or the size of the
ground surface area used for the memorial. A fee for special care of a memorial may be
collected if the terms of the special care items and arrangements are clearly specified in the
interment rights agreement. Except as otherwise provided in an interment rights agreement,
acemeteryisnotliableforrepairormaintenanceofmemorialsorvandalism. Acemeterymay
use income from a care fund to repair or replace memorials or interment spaces damaged by
vandalism or acts of God.
3. Moneys shall be deposited in the care fund no later than the fifteenth day after the close
of the month when the cemetery receives the final payment from a purchaser of interment
rights.