S.C. Code Regs. § § 21-25

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

Section 21-25 - Change of Control

Any entity wishing to purchase or acquire control of an existing cemetery company shall first make written application to the Cemetery Board on the board's Application for Change of Control. This form provides space for the name and address of the present and the proposed new owner, along with the name of the corporation and the name of the cemetery. This form is available from the office of the Cemetery Board. The board also requires the following, including but not limited to:

(1) an examination be made to establish compliance with all funding requirements;

(2) a certificate signed by the purchaser assuming liabilities of the existing cemetery company;

(3) the financial structure of the existing cemetery company;

(4) a financial statement of the purchaser.

S.C. Code Regs. § 21-25

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