Rhode Island General Laws 23-18-8.1. Perpetual care funds
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(a) All funds paid to or held by an agency for the purpose of funding the perpetual care of cemetery lots, crypts, or niches shall be maintained in a separate perpetual care fund, and shall not be commingled with any other funds of the agency; and
Terms Used In Rhode Island General Laws 23-18-8.1
- Crypt: means the chamber in a mausoleum of sufficient size to contain the remains of a deceased person. See Rhode Island General Laws 23-18-1
- Niche: means a recess in a columbarium or other structure, used, or intended to be used, for the permanent disposition of the cremated remains of one or more deceased persons. See Rhode Island General Laws 23-18-1
(b) Not less than twenty percent (20%) of the sale price of a cemetery lot, crypt, or niche sold with perpetual care shall be deposited by the agency in the perpetual care fund.
History of Section.
P.L. 1993, ch. 473, § 1.