On the first of January of each year the board of directors or trustees of every incorporated cemetery or burying ground organized for private profit shall make a complete written report to its stockholders and lot owners of its assets and liabilities as of that date.
History: Amended 1946 Ky. Acts ch. 141, sec. 4. — Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 202, 208a.

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Terms Used In Kentucky Statutes 273.150

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Directors: when applied to corporations, includes managers or trustees. See Kentucky Statutes 446.010
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Year: means calendar year. See Kentucky Statutes 446.010

Formerly codified as KRS § 271.430, renumbered 1946 Ky. Acts ch. 141, sec. 4.