N.J. Admin. Code § 13:44J-13.3

Current through Register Vol. 56, No. 21, November 4, 2024

Section 13:44J-13.3 - Merger or consolidation of cemetery companies

(a) No cemetery company may merge or consolidate except to improve the financial or operating conditions of the cemeteries. Cemetery companies shall obtain Board approval prior to merging or consolidating.

(b) A cemetery company which wishes to merge into or consolidate with another cemetery company shall submit to the Board:

1. A copy of the agreement which would effect the merger or consolidation;

2. A copy of the plan of merger or consolidation, if any;

3. A description of the benefit to each cemetery company as a result of the merger or consolidation; and

4. An information fact sheet from each cemetery company which contains the following:

i. A list of officers;

ii. A list of the board of trustees or directors;

iii. The total acreage of the cemetery;

iv. The total acreage of cemetery which is developed;

v. The total acreage of the cemetery which is developed but not sold;

vi. The total acreage of the cemetery which is undeveloped; and

vii. A copy of the resolution of merger or consolidation approved by a majority of the board of trustees or directors of each cemetery company, and by a majority of lot owners of each cemetery company voting at a lot owners meeting for which adequate notice was given;

5. A proposal for the continued administration of the Maintenance and Preservation Fund; and

6. An application fee as set forth in 13:44J-3.1(a)1 iv(3).

(c) The Board may request additional information from the cemetery company regarding the application for merger or consolidation.

N.J. Admin. Code § 13:44J-13.3

Amended R.2000 d.487, effective 12/4/2000.
See: 32 New Jersey Register 3261(a), 32 New Jersey Register 4265(a).
Rewrote the section.
Amended by R.2003 d.399, effective 10/6/2003.
See: 35 New Jersey Register 504(a), 35 New Jersey Register 4726(a).
In (b), added 6.