California Health and Safety Code 8777 – All money or property received by a cemetery authority for deposit in …
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All money or property received by a cemetery authority for deposit in a special care fund shall be placed in the custody of the trustee or trustees thereof within 30 days after receipt by the cemetery authority. The corpus of special care trusts shall be invested and reinvested and kept invested as authorized by Section 8778.
(Added by Stats. 1976, Ch. 729.)
Terms Used In California Health and Safety Code 8777
- Trustee: A person or institution holding and administering property in trust.