Texas § 712.004 PERPETUAL CARE TRUST FUND REQUIRED.

Texas Statutes

§ 712.004 — PERPETUAL CARE TRUST FUND REQUIRED.

Texas § 712.004

Code HSHealth and Safety Code

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Bluebook

Tex. Health and Safety Code Code Ann. § 712.004 (2026).

Text

Sec. 712.004. PERPETUAL CARE TRUST FUND REQUIRED.

(a)Before obtaining a corporate charter, the incorporators of a corporation chartered on or after September 3, 1945, and before September 1, 1993, must establish a fund by permanently depositing in cash with the trustee of the fund:

(1)$15,000, if the corporation has capital stock of $15,000;

(2)$30,000, if the corporation has capital stock of $30,000; or

(3)$50,000, if the corporation has capital stock of $50,000 or more.

(b)Before obtaining a corporate charter, the incorporators of a corporation chartered on or after September 1, 1993, must establish a fund by permanently depositing in cash with the trustee of the fund an amount of not less than $50,000 for each perpetual care cemetery operated in this state.

(c)The fund shall be pe

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Sec. 712.004. PERPETUAL CARE TRUST FUND REQUIRED. (a) Before obtaining a corporate charter, the incorporators of a corporation chartered on or after September 3, 1945, and before September 1, 1993, must establish a fund by permanently depositing in cash with the trustee of the fund:
(1) $15,000, if the corporation has capital stock of $15,000;
(2) $30,000, if the corporation has capital stock of $30,000; or
(3) $50,000, if the corporation has capital stock of $50,000 or more.
(b) Before obtaining a corporate charter, the incorporators of a corporation chartered on or after September 1, 1993, must establish a fund by permanently depositing in cash with the trustee of the fund an amount of not less than $50,000 for each perpetual care cemetery operated in this state.
(c) The fund shall be permanently set aside and deposited in trust with the trustee in accordance with Subchapter B.