§ 303 — Periodic deposits

Every cemetery company shall set aside annually and deposit into a permanent lot care fund a sum equal to at least 15% of the gross amount of the funds arising from each of the following:

(1) The sale of lots in the cemetery of such cemetery company or a sum equal to at least $1 per square foot of each lot sold, whichever is greater.

(2) The construction cost of each crypt sold in a mausoleum of the cemetery company or $50 per crypt, whichever is greater.

(3) The construction cost of each niche sold in a columbarium of the cemetery company or $25 per niche, whichever is greater.

Legislative History

(Dec. 3, 1993, P.L.485, No.71, eff. 60 days) Cross References.Section 303 is referred to in sections 305, 306 of this title.