RS 8:501 Merchandise trust fund - Louisiana Statutes

CHAPTER 8.  MERCHANDISE TRUST FUND

§501.  Application

A.  Except as hereinafter provided, no person or legal entity, including a cemetery authority, shall, directly or indirectly, enter into a contract for the sale of personal property or services which may be used in a cemetery in connection with the disposing or commemorating of the memory of a deceased human being, if delivery of such personal property or performance of such services is to be made at an uncertain future date, such as at death, or more than one hundred twenty days after receipt of final payment under such contract of sale except as provided in R.S. 8:502(A), 502.1 and 502.2.

B.  The provisions of this Section shall apply to but not be limited to the sale for future delivery at an uncertain date or more than one hundred twenty days after receipt of final payment of burial vaults, grave liners, urns, memorials, vases, foundations, memorial bases and similar merchandise and related services commonly sold or used in cemeteries, including interment fees.  However, the provisions of this Section shall not apply to cemetery spaces or the right of use or interment in any cemetery space.

Acts 1974, No. 417, §1; Acts 1997, No. 921, §1.