§ 20-17-1303 - Insolvent cemetery grant fund. - Arkansas Statutes

20-17-1303. Insolvent cemetery grant fund.

An insolvent cemetery grant fund is established within the general operating fund of the Arkansas Cemetery Board for the care, maintenance, and operation of a perpetual care cemetery that has been:

(1) Declared insolvent by a state or federal court; and

(2) Acquired by and is controlled by a state, county, or municipal government or by a nonprofit organization as defined by 501(c)(3) of the Internal Revenue Code, 26 U.S.C. 501(c)(3).