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Status and readjustment of permanent lot care fund - 9 Pa. Cons. Stat. § 306

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     § 306.  Status and readjustment of permanent lot care fund.
        (a)  Single fund.--The permanent lot care fund established by
     the deposits required by section 301 of this title (relating to
     initial deposits by newly-organized cemetery companies) through
     section 303 of this title (relating to periodic deposits) shall
     constitute a single fund with respect to any cemetery and
     nothing contained in this chapter shall be construed to mean
     that two separate funds must be created.
        (b)  Readjustment of fund.--Whenever there shall be deposited
     in a permanent lot care fund pursuant to section 303 of this
     title (relating to periodic deposits) a sum equal to the amount
     of money required to be initially deposited therein pursuant to
     section 301 of this title (relating to initial deposits by
     newly-organized cemetery companies) or section 302 of this title
     (relating to initial deposits by existing cemetery companies)
     and proof of such fact is submitted to the qualified trustee, it
     shall be the duty of the qualified trustee thereupon to pay over
     to the cemetery company the amount so initially deposited by it
     in the permanent lot care fund free and clear of the
     restrictions and limitations of this chapter.

Last modified: November 27, 2007