128.1 Perpetual care and maintenance of cemetery or burial lot; resolution or ordinance; payment; investment in mutual funds; petition to transfer money to municipality. Sec. 1. (1) The legislative body of a municipality owning or controlling a cemetery or burial grounds may by resolution or ordinance provide for the perpetual care and maintenance of the […]
128.2 Joint cemetery authority; formation and purpose. Sec. 2. The legislative body of 2 or more municipalities may authorize the formation of a nonprofit corporation as a joint cemetery authority to acquire, own, operate, maintain, and sell real and personal property used for a cemetery or burial ground. History: Add. 1980, Act 366, Imd. Eff. […]
128.3 “Community foundation” and “municipality” defined. Sec. 3. As used in this act: (a) “Community foundation” means an organization that meets all of the following requirements: (i) Has been in existence for at least 10 years. (ii) Has assets of at least $10,000,000.00. (iii) Qualifies for exemption from federal income taxation under 501(c)(3) of the […]
128.4 Irrevocable endowment and perpetual care fund; establishment as component fund within community foundation; powers and duties of community foundation; “fund” defined. Sec. 4. (1) Subject to this section, to lessen the burden of government, each municipality with a municipally owned cemetery may establish and maintain an irrevocable endowment and perpetual care fund as a […]
