Texas Health and Safety Code 712.022 – Operation of Perpetual Care Cemetery
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Texas Health and Safety Code 712.022
- 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.
A corporation authorized by law to operate a perpetual care cemetery but not doing so may do so if the corporation:
(1) complies with the requirements of this chapter for obtaining a certificate of authority; and
(2) establishes a fund as provided by Section 712.021 in an amount equal to the larger of:
(A) the amount that would have been paid into the fund if the cemetery operated as a perpetual care cemetery from the date of the cemetery’s first sale of plots; or
(B) the minimum amount provided by Section 712.004.