Alaska Statutes (Last Updated: January 11, 2017) |
Title 10. CORPORATIONS AND ASSOCIATIONS. |
Chapter 10.30. CEMETERY ASSOCIATIONS AND NONPROFIT CEMETERY CORPORATIONS. |
Section 10.30.080. Disposition of income from cemetery land.
Latest version.
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After paying for the land, the future receipts and income of a cemetery association or nonprofit cemetery corporation, subject to the creation of an irreducible fund, whether from the sale of lots, from donations, rents, or otherwise, shall be applied exclusively to laying out, preserving, protecting, and embellishing the cemetery and the avenues leading to it, the erection of buildings necessary or convenient for the cemetery purpose, and to paying the necessary expenses of the association or corporation.
Notes
History
(Sec. 36-5-5 ACLA 1949; am Sec. 4 ch 107 SLA 1984)