MARVIN MANDEL, Governor                            1535

161HH.

Every federal and domestic association and foreign
association admitted to do business in this state shall
pay annually for the use of the State, in addition to any
other tax imposed by law, a franchise tax [on} IN the
amount of one hundred thirty ten—thousandths of one
percent (130/10,000 of 136) of the aggregate withdrawal
value of its free shares purchased in the State of
Maryland and its other deposits, said free shares and
deposits to be totaled as of December 31 of each and
every year, and shall certify the said amount due to the
State to the Comptroller of the Treasury as other State
taxes. such tax shall be payable without interest at any
time on or before April 15, of each and every year,
commencing on April 15, 1962, and if such tax be not paid
as above provided, then the said tax shall thereafter
bear interest at the rate of one half of one percent (1/2
of 1%) for each month or fraction of a month, and if such
tax be not paid before the first day of December
following, a penalty of five percent (5%) on the amount
thereof shall be added: Provided, however, that if by
reason of any law of any foreign jurisdiction an
association chartered in this State and doing business in
such other jurisdiction is required to pay a franchise
tax to said foreign jurisdiction based upon its free
shares purchased in the State of Maryland, then the tax
imposed by this section shall be reduced to the extent of
such additional franchise tax so paid to said foreign
jurisdiction.

165A.

(a) It shall be unlawful for any person owning,
operating or developing any cemetery to sell or offer to
sell to members of the general public any lot, parcel of
land, burial or interment right in such cemetery, and in
connection therewith to represent to the public in any
manner, expressed[,] or implied, that the entire
cemetery, a single lot therein, or any burial or
interment right therein will be perpetually cared for
unless adequate provision has been made for the perpetual
care of the cemetery and all lots, burial or interment
rights therein as to which such representation has been
made.

(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 July 1,
1973. Until the ten thousand dollar ($10,000.00) deposit
is completed, such a cemetery shall deposit into the