SB1954 - Tennessee: Cemeteries

Companion Bill HB2165. Cemeteries - Authorizes cemetery companies to receive court relief from paying into improvement care trust fund when the court determines such trust fund is sufficiently large. - Amends TCA Title 46. Fiscal Summary for *SB1954 / HB2165Increase State Revenues - Less than $25,000 Increase State Expenditures - Less than $25,000 Bill Summary for *SB1954 / HB2165 Present law requires every cemetery company engaged in the business of selling lots, grave spaces, crypts, niches, and burial rights in this state to establish and forever maintain an improvement care trust fund for each separate cemetery and for each separate geographical location of each cemetery owned and operated by the cemetery company, to provide for the improvement care and maintenance of the cemetery or the separate geographical location. A certain percentage [...]

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