Debts must be paid. At least fifty percent (50%) of the gross proceeds of sales of blocks, lots, plots, or graves must be applied as often as every six (6) months to the payment of the debts and obligations of such corporation as long as such debts and obligations exist.
R.L. 1910, § 388. Amended by Laws 1915, c. 261, § 3; Laws 2008, c. 47, § 4, eff. Nov. 1, 2008.