Nevada § 452.715 Trust fund for endowment care: Administration

Nevada Statutes

§ 452.715 — Trust fund for endowment care: Administration

Nevada § 452.715

Title 40PUBLIC HEALTH AND SAFETY

Ch. 452Cemeteries

CEMETERIES AND CREMATORIES FOR PETS

This text of Nevada § 452.715 (Trust fund for endowment care: Administration) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 452.715 (2026).

Text

1.The principal of all trust funds for the endowment care of a cemetery must be invested and the income only used for the care, maintenance and embellishment of the cemetery, in accordance with the provisions of law and the resolutions, bylaws, rules and regulations or other actions or instruments of the cemetery authority, and for no other purpose. The trust funds must be maintained separate and distinct from all other funds and the trustees shall keep separate records thereof.

2.The trustee of the trust fund shall create a reserve from which principal losses may be replaced by setting aside a reasonable percentage of the income from the fund.

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1. The principal of all trust funds for the endowment care of a cemetery must be invested and the income only used for the care, maintenance and embellishment of the cemetery, in accordance with the provisions of law and the resolutions, bylaws, rules and regulations or other actions or instruments of the cemetery authority, and for no other purpose. The trust funds must be maintained separate and distinct from all other funds and the trustees shall keep separate records thereof.
2. The trustee of the trust fund shall create a reserve from which principal losses may be replaced by setting aside a reasonable percentage of the income from the fund.