S.C. Code Regs. § § 21-19

Current through Register Vol. 48, No. 11, November 22, 2024

Section 21-19 - Withdrawals from Merchandise Fund

The funds held shall remain intact, together with all interest accrued thereon, except as provided herein, until the memorial or other cemetery merchandise has been delivered.

(a) The costs for administering the merchandise fund may be paid from, and only from, the income earned by the fund or by the cemetery company.

(b) For the purpose of Code Section 40-8-110, only (1) the installation of said merchandise, meaning the placement of the marker, in the cemetery, or (2) the aboveground warehousing of said merchandise on the cemetery property, or (3) the deposit of one hundred (100) percent of the cost of said merchandise in the Merchandise Fund, or (4) another type of aboveground only warehousing of said merchandise that has prior approval of the Cemetery Board, will constitute the delivery of said merchandise. This regulation does not apply to lawn crypts.

S.C. Code Regs. § 21-19

Added by State Register Volume 37, Issue No. 6, eff June 28, 2013.