Does Maryland law restrict the use of the perpetual care fund income by regulated cemeteries?
Yes, income from the perpetual care trust fund may only be used for the perpetual care of the cemetery including: the maintenance, including the cutting of grass abutting memorials or monuments, administration, supervision, and embellishment of the cemetery, its grounds, roads and paths; and the repair and renewal of buildings including columbaria and mausoleums and the property of the cemetery. The perpetual care trust fund income may not be used to care for memorials or monuments.
Related Questions
- May a regulated cemetery use both the income from the trust fund and the corpus of the trust fund to provide perpetual care?
- Does Maryland law restrict the use of the perpetual care fund income by regulated cemeteries?
- Does Maryland law require regulated cemeteries to have a perpetual care trust fund?
