452.695 - Trust fund for endowment care: Receipt of contributions; purposes and validity of fund and contributions. - Nevada Statutes

452.695  Trust fund for endowment care: Receipt of contributions; purposes and validity of fund and contributions.

      1.  A cemetery authority may receive and hold as a part of or incident to its trust fund for the endowment care of the cemetery any real or personal property bequeathed, devised, granted, given or otherwise contributed to it for the trust fund.

      2.  The trust fund and all payments or contributions to it shall be deemed to be for charitable and eleemosynary purposes, and the endowment care of the cemetery for pets shall be deemed to be in discharge of a duty due from the persons contributing to the trust fund, and for the benefit and protection of the public health and welfare by preserving and keeping cemeteries for pets from becoming unkempt and places of reproach and desolation in the communities in which they are situated.

      3.  No payment, gift, grant, bequest or other contribution for the endowment care of a cemetery for pets is invalid by reason of any indefiniteness or uncertainty in the designation of the beneficiaries, nor is the fund or any contribution to it invalid as violating any law against perpetuities or the suspension of the power of alienation of title to property.

      (Added to NRS by 1993, 2751)