SB2900 - Tennessee: Cemeteries, Commerce And Insurance, Dept. Of

Companion Bill HB2624. Cemeteries - Makes trustees of cemetery companies personally liable, in addition to being jointly liable, if perpetual care trust funds are insufficient to fund such care; requires the cemetery company to disclose to a purchaser of the right to record a copy of the proof of ownership of a burial plot with the register of deeds. - Amends TCA Title 46. Fiscal Summary for SB2900 / *HB2624Increase State Revenue - Not Significant Increase State Expenditures - Not Significant Increase Local Govt. Revenue - Not Significant Increase Local Govt. Expenditures - Not Significant Bill Summary for SB2900 / *HB2624 Present law requires a cemetery company engaged in the business of selling lots, grave spaces, crypts, niches, and burial rights in Tennessee to establish and maintain an improvement care trust fund for each cemetery [...]

show full description