HB3150 - Tennessee - Accountants, Cemeteries

Companion Bill SB3410. Cemeteries - Authorizes licensed accountants to act as trustees for improvement care trusts. - Amends TCA Title 46 and Title 62, Chapter 5, Part 4. Fiscal Summary for *HB3150 / SB3410Increase State Expenditures - Not Significant Bill Summary for *HB3150 / SB3410 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 separate cemetery and for each separate geographical location of each cemetery owned and operated by the cemetery company. The trust fund provides for the improvement care and maintenance of the cemetery or the separate geographical location. The trust fund must be established with a trust company approved by the commissioner, a state or national bank, or a savings [...]

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