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Session Laws, 1973
Volume 709, Page 1510   View pdf image
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1510                                   LAWS OF MARYLAND                               Ch. 719

PREVIOUSLY HAS ESTABLISHED SUCH A PERPETUAL CARE TRUST
FUND CONTAINING THE MINIMUM AMOUNTS REQUIRED HEREIN
SHALL NOT BE REQUIRED TO ESTABLISH ANOTHER FUND NOR
MAKE ANY ADDITIONAL DEPOSIT TO COMPLY WITH THE
PROVISIONS OF THIS SUBSECTION, BUT ANY TRUST FUND
ALREADY SO ESTABLISHED SHALL BE SUBJECT TO THE
PROVISIONS HEREOF WITH RESPECT TO FUTURE DEPOSITS INTO
AND WITHDRAWALS OF FUNDS DEPOSITED AFTER THE EFFECTIVE
DATE HEREOF FROM SUCH TRUST. THE PROVISIONS HEREOF WITH
RESPECT TO ESTABLISHMENT OF A TRUST FUND SHALL APPLY
WITH RESPECT TO EACH SEPARATE CEMETERY WHICH IS
COVERED BY THE PROVISIONS OF THIS SECTION, EVEN WHERE
MORE THAN ONE CEMETERY IS UNDER THE SAME OWNERSHIP.

(C)    EACH PERSON OWNING, OPERATING OR DEVELOPING ANY
SUCH CEMETERY AFTER THE EFFECTIVE DATE OF THIS SECTION
SHALL FROM AND AFTER SUCH EFFECTIVE DATE DEPOSIT IN A
PERPETUAL CARE FUND A MINIMUM OF TEN PER CENTUM (10%)
OF THE SELLING PRICE OF EACH ABOVE-GROUND CRYPT, NICHE,
LOT OR INTERMENT RIGHT SOLD, OR THIRTY-FIVE CENTS (35 ) PER
SQUARE FOOT OF LAND BURIAL SPACE, WHICHEVER SHALL BE
THE GREATER; WHICH AMOUNT SHALL BE PAID IN CASH TO THE
TRUSTEE OF THE PERPETUAL CARE FUND NOT LATER THAN
THIRTY (30) DAYS AFTER THE CLOSE OF THE MONTH IN WHICH
FINAL PAYMENT OF THE SALE HAS BEEN MADE BY THE
PURCHASER. THIS REQUIREMENT SHALL NOT APPLY AS TO THE
SALE OF ANY BURIAL LOT, ABOVE-GROUND CRYPT, NICHE OR
INTERMENT RIGHT WHICH, BY RE-PURCHASE OR OTHER ACT, THE
CEMETERY HAS RE-ACQUIRED AND AS TO WHICH THERE
PREVIOUSLY HAS BEEN PAID INTO THE PERPETUAL CARE FUND
THE DEPOSIT REQUIRED BY THIS SUBSECTION.

(D)   NOTWITHSTANDING THE PROVISIONS OF SUBSECTION (B) OF
THIS SECTION, AS TO ANY CEMETERY THE DEVELOPED LAND
AREA OF WHICH AS OF JANUARY 1, 1969, WAS TEN (10) ACRES OR
LESS, THE TEN THOUSAND DOLLAR ($10,000.00) DEPOSIT REQUIRED
BY SUBSECTION (B) MAY BE DEFERRED FOR A PERIOD NOT
LONGER THAN SEVENTY-TWO (72) MONTHS FROM THE EFFECTIVE
DATE OF THIS SECTION. UNTIL THE TEN THOUSAND DOLLAR
($10,000.00) DEPOSIT IS COMPLETED, SUCH A CEMETERY SHALL
DEPOSIT INTO THE PERPETUAL CARE TRUST FUND A MINIMUM
OF FIFTEEN PER CENTUM (15%) OF THE SELLING PRICE OF EACH
CRYPT, NICHE, LOT OR INTERMENT RIGHT SOLD, AND PROVIDED
FURTHER THAT IF TEN THOUSAND DOLLARS ($10,000.00) IS NOT
THEREBY COMPLETED BY THE END OF THE SEVENTY-TWO (72)
MONTH PERIOD, IT SHALL BE OBLIGATORY UPON THE CEMETERY
TO COMPLETE IT AT THIS DATE. NOTWITHSTANDING THE.
PROVISIONS OF SUBSECTION (B) OF THIS SECTION, AS TO ANY
CEMETARY THE DEVELOPED LAND AREA OF WHICH, AS OF
JANUARY 1, 1969, WAS GREATER THAN TEN ACRES, THE $25,000
DEPOSIT REQUIRED BY SUBSECTION (B) MAY BE DEFERRED FOR A
PERIOD NOT LONGER THAN 72 MONTHS FROM THE DATE OF THIS
SECTION. UNTIL THE $25,000 DEPOSIT IS COMPLETED, SUCH A
CEMETARY SHALL DEPOSIT INTO THE PERPETUAL CARE TRUST
FUND A MINIMUM OF 15% OF THE SELLING PRICE OF EACH CRYPT,
NICHE, LOT, OR INTERMENT RIGHT SOLD, HOWEVER, IF THE
$25,000 DEPOSIT IS NOT THEREBY COMPLETED BY THE END OF THE

 

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Session Laws, 1973
Volume 709, Page 1510   View pdf image
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