North Carolina Statutes

§ 65-55 — License; cemetery company

North Carolina·Ch. 65 Cemeteries·Art. 9 North Carolina Cemetery Act
(a)No legal entity shall engage in the business of operating a cemetery company except as authorized by this Article and without first obtaining a license from the Commission.
(b)Any legal entity wishing to establish a cemetery shall file a written application for authority with the Commission on forms provided by the Commission.
(c)Upon receipt of the application and filing fee to be set by the Commission in an amount not to exceed one thousand six hundred dollars ($1,600), the Commission shall cause an investigation to be made to establish the following criteria for approval of the application:
(1)The creation of a legal entity to conduct cemetery business, and its proposed financial structure.
(2)A perpetual care trust fund agreement, with an initial deposit of not less than fifty

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