§ 65-63. Requirements for perpetual care fund. - North Carolina Statutes

§ 65‑63.  Requirementsfor perpetual care fund.

A cemetery company may notcause or permit advertising of a perpetual care fund in connection with thesale or offer for sale of its property unless the amount deposited in the fundis at least one hundred dollars ($100.00) or ten percent (10%) of the retailsale price, whichever is greater, per grave space, niche, or mausoleum cryptsold. Nothing may prohibit an individual cemetery from requiring a perpetualcare deposit for grave memorial markers to be deposited in the perpetual carefund so long as the same assessment is uniformly applied to all grave memorialmarkers installed in the cemetery. (1943, c. 644, s. 5; 1957, c. 529, s. 1; 1967, c.1009, s. 3; 1971, c. 1149, s. 3; 1975, c. 768, s. 1; 1979, c. 888, s. 4; 1987,c. 488, s. 5; 1991, c. 653, s. 5; 2004‑202, s. 6.)