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When the endowment care fund or maintenance fund has $75,000 on deposit, the initial $25,000 may be withdrawn.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

Source: Section 452.130 — Additional deposit required before disposition of plot., https://www.leg.state.nv.us/NRS/NRS-452.html#NRS452Sec130.

452.030
Owner to keep cemetery in orderly condition 452.050
Authority to provide endowment care 452.060
Investment of principal of funds: Disposition of income 452.070
Authority may collect fee from purchaser of plot for maintenance of cemetery. 452.080
Agreement for endowment care. 452.090
Agreement concerning maintenance of plot. 452.100
Trustees of endowment care fund: Appointment 452.110
Bequests to fund 452.120
Requirements for deposit by endowment care cemetery. 452.130
Additional deposit required before disposition of plot. 452.140
Endowment care cemetery may contain area without endowment care 452.150
Requirements for endowment or nonendowment care cemetery: Posting of signs 452.160
Use of funds 452.165
Operation of endowment care fund as unitrust: Written investment policy 452.170
Endowment care fund: Acceptance of gifts 452.180
Misrepresentations concerning endowment care fund 452.200
Liability and penalty for unauthorized use or investment of funds.

Last Updated

Feb. 5, 2021

§ 452.130’s source at nv.us

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Location: https://nevada.public.law/statutes/nrs_452.130

Original Source: Section 452.130 — Additional deposit required before disposition of plot., https://www.leg.state.nv.us/NRS/NRS-452.html#NRS452Sec130 (last accessed Feb. 5, 2021).

NRS 452.130 Additional deposit required before disposition of plot.

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NRS 452.130
Additional deposit required before disposition of plot.