§ 712.041 — ANNUAL STATEMENT OF FUNDS.

Texas § 712.041

• Jurisdiction: Texas
• Code HS: Health and Safety Code

Text

Sec. 712.041. ANNUAL STATEMENT OF FUNDS. (a) A corporation shall file in its office and with the commissioner a statement for each perpetual care cemetery operated in this state in duplicate that shows:
(1) the principal amount of its fund;
(2) the amount of the fund invested in bonds and other securities;
(3) the amount of cash on hand in the fund;
(4) any other item that shows the financial condition of the fund;
(5) the number of crypts, niches, and square feet of ground area conveyed under perpetual care before and after March 15, 1934, listed separately; and
(6) the number of crypts, niches, and square feet of ground area conveyed under perpetual care after March 15, 1934, for which the minimum deposits required for perpetual care have not been paid to the fund.
(b) The corporation's president and secretary, or two principal officers, shall verify the information on the statement.
(c) The corporation shall revise and post and file the statement on or before March 1 of each year.
(d) A copy of the statement shall be available to the public upon request.

Legislative History

Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989. Amended by Acts 1993, 73rd Leg., ch. 634, Sec. 41, eff. Sept. 1, 1993.