HB2258 - Tennessee: Cemeteries

Companion Bill SB2203. Cemeteries - Requires a cemetery company to notify the commissioner of commerce and insurance regarding changes in the trustee for its improvement care trust fund; revises information to be included in trust agreement; revises other cemetery provisions. - Amends TCA Title 46. Fiscal Summary for *HB2258 / SB2203Increase State Expenditures - Not Significant Bill Summary for *HB2258 / SB2203 This bill revises present law regarding improvement care trust funds. Present law requires cemetery companies to establish and maintain an improvement care trust fund for each cemetery to provide for the improvement and care of the cemetery. Whenever a cemetery company desires to change the trustee of an improvement care trust fund, the cemetery must first provide written notice to the commissioner of commerce and insurance, along [...]

show full description