Maine Statutes
§ 13 §1223 — Investment of funds
Cemetery trust funds of any cemetery corporation or association, trust company, church, religious or charitable society, or other trustee, shall be invested in the manner provided in Title 30‑A, chapter 223, subchapter III-A, and, unless the instrument or order creating the trusts prohibits, may be combined with other similar trust funds in the manner provided in Title 30‑A, section 5654, and the annual income only shall be expended in performance of the requirements of the trust.
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Legislative History
PL 1987, c. 737, §§C24,C106 (AMD). PL 1989, c. 6 (AMD). PL 1989, c. 9, §2 (AMD). PL 1989, c. 104, §§C8,C10 (AMD).
Nearby Sections
11
§ 13 §1221
Proceedings§ 13 §1223
Investment of funds§ 13 §1224
Recording of acceptance§ 13 §1261
Authority to hold§ 13 §1262
Bylaws and ordinances§ 13 §1263
Acceptance of deposits§ 13 §1264
Trust funds for services or property§ 13 §1265
Tangible personal property§ 13 §1267
Penalties