California Health and Safety Code

§ 8738

HSC § 8738 Effective Jan 1, 2022Div. 8 · Part 3 · Ch. 5 · Art. 2

Statute text

(a)For purposes of this section, “net price” means the retail price less any discounts the cemetery provides to consumers for the purchase of an interment space.

(b)An endowment care cemetery is one which has deposited in its endowment care fund the minimum amounts heretofore required by law and shall hereafter have deposited in its endowment care fund at the time of or not later than completion of the initial sale not less than the following amounts for plots sold or disposed of:

(1)Either 10 percent of net price or two hundred fifty dollars ($250), whichever is greater, with a required deposit not to exceed ten thousand dollars ($10,000), for each grave.

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Legislative history

Repealed (in Sec. 6) and added by Stats. 2021, Ch. 442, Sec. 7. (AB 651) Effective January 1, 2022. Operative January 1, 2024, by its own provisions.