§ 65-62 – Individual contracts for care and maintenance.
65-62. Individual contracts for care and maintenance. At the time of making a sale or receiving the initial deposit hereunder, the cemetery company shall deliver to the person to whom such sale is made, or who makes such deposit, an instrument in writing which shall specifically state that the net income of the care and […]
§ 65-63 – Requirements for perpetual care fund.
65-63. Requirements for perpetual care fund. A cemetery company may not cause or permit advertising of a perpetual care fund in connection with the sale or offer for sale of its property unless the amount deposited in the fund is at least one hundred dollars ($100.00) or ten percent (10%) of the retail sale price, […]
§ 65-64 – Deposits to perpetual care fund.
65-64. Deposits to perpetual care fund. (a) Deposits to the care and maintenance trust fund must be made by the cemetery company holding title to the subject cemetery lands on or before the last day of the calendar month following the calendar month in which final payment is received as provided herein; however the entire […]
§ 65-65 – Trust fund; financial reports.
65-65. Trust fund; financial reports. Within 60 days after the end of the calendar or fiscal year of the cemetery company, the trustee shall furnish adequate financial reports with respect to the care fund on forms provided by the Commission. However, the Commission may require the trustee to make such additional financial reports as it […]
§ 65-66 – Receipts from sale of personal property or services; trust account; penalties.
65-66. Receipts from sale of personal property or services; trust account; penalties. (a) It shall be deemed contrary to public policy if any person or legal entity receives, holds, controls or manages funds or proceeds received from the sale of, or from a contract to sell, personal property or services which may be used in […]
§ 65-67 – Applications for license.
65-67. Applications for license. Applications for renewal license must be submitted on or before July 1 each and every year in the case of an existing cemetery company. Before any sale of cemetery property in the case of a new cemetery company or a change of ownership or control as indicated in G.S. 65-59, an […]
§ 65-68 – License not assignable or transferable.
65-68. License not assignable or transferable. No license issued under G.S. 65-67 shall be transferable or assignable and no licensee shall develop or operate any cemetery authorized by this Article under any name or at any location other than that contained in the application for such license. (1975, c. 768, s. 1.)
§ 65-69 – Minimum acreage; sale or disposition of cemetery lands.
65-69. Minimum acreage; sale or disposition of cemetery lands. (a) Each licensee shall set aside a minimum of 30 acres of land for use by said licensee as a cemetery, and shall not sell, mortgage, lease or encumber the same. (b) The fee simple title, or lesser estate, in any lands owned by licensee and […]
§ 65-58 – Licenses for persons selling preneed grave space.
65-58. Licenses for persons selling preneed grave space. (a) No person shall offer to sell preneed grave spaces, mausoleum crypts, niches, memorials, vaults or any other preneed cemetery merchandise or services under any plan authorized for any cemetery, cemetery sales group, or cemetery management group, before obtaining a license from the Commission. (b) Persons wishing […]
§ 65-59 – Application for a change of control; filing fee.
65-59. Application for a change of control; filing fee. A person who proposes to acquire control of an existing cemetery company, whether by purchasing the capital stock of the company, purchasing an owner’s interest in the company, or otherwise acting to effectively change the control of the company, shall first make application on a form […]