12-1111 – Contracts; requirements; provisions.
12-1111. Contracts; requirements; provisions. (1) At the time that a pre-need sale is entered into, the pre-need seller shall furnish each pre-need purchaser with a duplicate original of any written contract which the pre-need purchaser is required to sign. (2) The pre-need seller shall file with the director a copy of each form of contract […]
12-923 – Property; acquisition; tax; excess funds.
12-923. Property; acquisition; tax; excess funds. The board of trustees of each cemetery district organized under sections 12-909 to 12-923 shall annually include in its proposed budget statement the amount of money deemed necessary in order for such district to acquire adequate cemetery land. After the adoption of the district’s budget statement, the president and […]
12-1112 – Act; when applicable.
12-1112. Act; when applicable. The terms and conditions of the Burial Pre-Need Sale Act shall govern only those pre-need sales made and contracts entered into by any pre-need seller or his, her, or its agents after January 1, 1987. The Burial Pre-Need Sale Act shall not be construed so as to impair or affect the […]
12-1001 – Power to borrow money; issuance of bonds.
12-1001. Power to borrow money; issuance of bonds. Any municipality maintaining and operating a cemetery either within or without its corporate limits shall have the power to borrow money and pledge the property and credit of the municipality upon its municipal bonds or otherwise for the purpose of enlarging or improving such cemetery in an […]
12-1113 – Trust funds; distributions; conditions; accumulation.
12-1113. Trust funds; distributions; conditions; accumulation. (1) After making the calculations required by section 12-1114, any amounts exceeding trust principal, except income earned in the current calendar year, may be distributed to the pre-need seller by the trustee at the pre-need seller’s request. (2) All remaining funds held in trust, including cost-of-living amounts retained as […]
12-1002 – Bonds; term; interest rate; notice of election.
12-1002. Bonds; term; interest rate; notice of election. The bonds, mentioned in section 12-1001, shall be payable in not to exceed twenty years from date. They shall bear interest not exceeding the rate of six percent per annum payable annually. Notice of the time and place of said election shall be given by publication three […]
12-1114 – Pre-need seller; trust funds; retain cost-of-living amount.
12-1114. Pre-need seller; trust funds; retain cost-of-living amount. (1) To offset increases in the cost of living as the same may affect the trust accounts, the pre-need seller shall compute each year the total amount of the trust principal of each trust account determined as of December 31 of the immediately preceding year, and then […]
12-1003 – Bond election; petition; percentage of voters required.
12-1003. Bond election; petition; percentage of voters required. No election, provided for in sections 12-1001 and 12-1002, shall be held until a petition therefor, signed by at least ten percent of the legal voters of such municipality, has been presented to the city council or board of trustees. The number of voters of the municipality […]
12-1115 – Pre-need sales agent; license required; fee; failure to surrender license; penalty.
12-1115. Pre-need sales agent; license required; fee; failure to surrender license; penalty. (1) No agent shall make any pre-need sales on behalf of a pre-need seller in this state without first obtaining a license from the director. The director shall not issue such a license without requiring the proposed agent to fill out an application […]
12-1004 – Extension of water supply to cemetery.
12-1004. Extension of water supply to cemetery. Any municipality, maintaining and operating a cemetery beyond its corporate limits, may extend its water supply or water distribution system to such cemetery. Source Laws 1957, c. 19, § 2, p. 151.