New Jersey Statutes
§ 45:27-26 — Issuance of certificates.
New Jersey·Title 45 PROFESSIONS AND OCCUPATIONS
26.If the board approves, a cemetery company may issue certificates with a fixed face value and a specified interest rate to pay for land acquired for cemetery purposes, for the initial improvements to that land, and for subsequent capital improvements. The board shall review the dollar amount and terms of the certificates so as to assure the financial soundness of the cemetery company. L.2003,c.261,s.26.
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Nearby Sections
15
§ 45:27-1
Short title.§ 45:27-10
Voting rights of members.§ 45:27-12
Maintenance and Preservation Fund.§ 45:27-15
Annual report.§ 45:27-17
Copy of survey map, filing with board.§ 45:27-2
Definitions relative to cemeteries.§ 45:27-20
Exemption from certain taxes.