452.130 - Additional deposit required before disposition of plot. - Nevada Statutes

452.130  Additional deposit required before disposition of plot.

      1.  In addition to the requirements of NRS 452.120, any endowment care cemetery hereafter established shall also have deposited in its endowment care fund or maintenance fund the additional sum of $25,000 or have deposited such sum in a maintenance fund as required by NRS 452.120 before disposing or making a sale of any space specified in NRS 452.120.

      2.  When the endowment care fund or maintenance fund has $75,000 on deposit, the initial $25,000 may be withdrawn.

      3.  The endowment care fund or maintenance fund once having reached $50,000 shall not be decreased below such amount.

      [9:138:1953]—(NRS A 1971, 2073)