Texas Code § 712.030

USE OF GIFT FOR SPECIAL CARE OF PLOT IN PERPETUAL CARE CEMETERY
Open in Lexace · Ask the AI about this section
Sec. 712.030. USE OF GIFT FOR SPECIAL CARE OF PLOT IN PERPETUAL CARE CEMETERY. (a) A trustee may take and hold property transferred to the trustee in trust in order to apply the principal, proceeds, or income of the property for any purpose consistent with the terms of the trust and the purpose of a corporation's perpetual care cemetery, including:
(1) the improvement or embellishment of any part of the perpetual care cemetery;
(2) the erection, renewal, repair, or preservation of a monument, fence, building, or other structure in the perpetual care cemetery;
(3) planting or cultivating plants in or around the perpetual care cemetery; or
(4) taking special care of or embellishing a plot, section, or building in the perpetual care cemetery.
(b) Except as provided by this subsection, the assets of a trust established under this section are not considered assets of the fund. If a gift in trust is specifically intended to serve the same general purpose as the fund, the trust may be merged with the fund.

‹ Prev All Texas sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.