NRS 452.715
Trust fund for endowment care: Administration.

1.

The principal of all trust funds for the endowment care of a cemetery must be invested and the income only used for the care, maintenance and embellishment of the cemetery, in accordance with the provisions of law and the resolutions, bylaws, rules and regulations or other actions or instruments of the cemetery authority, and for no other purpose. The trust funds must be maintained separate and distinct from all other funds and the trustees shall keep separate records thereof.

2.

The trustee of the trust fund shall create a reserve from which principal losses may be replaced by setting aside a reasonable percentage of the income from the fund.

Source: Section 452.715 — Trust fund for endowment care: Administration., https://www.leg.state.nv.us/NRS/NRS-452.html#NRS452Sec715.

452.640
Definitions. 452.645
Applicability of provisions. 452.650
Adoption of local ordinances. 452.655
Dedication of property for use as cemetery: Procedure 452.660
Dedication of property for use as cemetery: Removal of dedication. 452.665
Dedication of property for use as cemetery: Priority over encumbrances. 452.670
Prerequisites to operation of cemetery. 452.675
Restriction on operation of crematory. 452.680
Authority of cemetery authority and operator of crematory to dispose of remains when other arrangements have not been made 452.685
Trust fund for endowment care: Requirements for deposit. 452.690
Trust fund for endowment care: Disposition of money received by or on behalf of cemetery authority. 452.695
Trust fund for endowment care: Receipt of contributions 452.700
Trust fund for endowment care: Exemption from process of law. 452.705
Trust fund for endowment care: Minimum sums. 452.710
Trust fund for endowment care: Trustees. 452.715
Trust fund for endowment care: Administration. 452.720
Trust fund for endowment care: Use 452.725
Additional contributions to cemetery authority in trust: Receipt 452.730
Posting and inspection of sign indicating endowment care. 452.735
Unlawful acts 452.740
Violations: Liability

Last Updated

Feb. 5, 2021

§ 452.715’s source at nv.us

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Location: https://nevada.public.law/statutes/nrs_452.715

Original Source: Section 452.715 — Trust fund for endowment care: Administration., https://www.leg.state.nv.us/NRS/NRS-452.html#NRS452Sec715 (last accessed Feb. 5, 2021).