21 N.C. Admin. Code 7D.0102

Current through Register Vol. 39, No. 11, December 2, 2024
Section 07D .0102 - LOCATION OF FUND

No person will be allowed to withdraw or transfer all or any portion of the corpus of the care and maintenance trust funds of any cemetery to any depository outside the State of North Carolina. Also the Commission will not approve the creation of a new perpetual care trust fund as called for under Chapter 65-55 of the General Statutes unless same is deposited with a trustee in the State of North Carolina.

21 N.C. Admin. Code 07D .0102

Authority G.S. 65-49; 65-55; 65-61;
Eff. February 1, 1976;
Readopted Eff. January 16, 1978;
Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. August 18, 2018.
Authority G.S. 65-49; 65-55; 65-61;
Eff. February 1, 1976;
Readopted Eff. January 16, 1978.