California Business and Professions Code 7613.3 – (a) In making the examination, the bureau:(1) Shall have …
(a) In making the examination, the bureau:
(1) Shall have free access to the books and records relating to the trust funds, their collection and investment, and the number of graves, crypts, and niches under endowment care.
Terms Used In California Business and Professions Code 7613.3
- Bureau: means the Cemetery and Funeral Bureau. See California Business and Professions Code 7601
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(2) Shall inspect and examine the trust funds to determine their condition and the existence of the investments.
(3) Shall ascertain if the cemetery corporation has complied with all the laws applicable to trust funds.
(b) Upon request by the bureau, a cemetery authority shall provide records to substantiate the expenditures of the income of the trust funds. If a cemetery authority fails to reasonably comply with this request, the bureau may have access to books, records, and accounts of a cemetery authority for purposes of ascertaining compliance with applicable laws.
(Added by Stats. 2015, Ch. 395, Sec. 13. (AB 180) Effective January 1, 2016.)