New Jersey § 45:27-12
Full text of New Jersey New Jersey Statutes § 45:27-12, with citation guidance and answers to common questions.
§ 45:27-12.
a. It is the public policy of this State that a primary obligation of each cemetery
company shall be the creation of a fund for the permanent maintenance and preservation
of the cemetery. b. Every cemetery company shall establish an irrevocable trust fund, called the Maintenance
and Preservation Fund, the income from which shall be expended for the maintenance
and preservation of the cemetery. c. A cemetery company shall make the deposits to the Maintenance and Preservation
Fund required by this act and may make additional deposits. d. The Maintenance and Preservation Fund shall be established in a State or federally
regulated financial institution having and maintaining a principal place of business
within this State. The fund shall be invested in accordance with the “Prudent Investor Act,” P.L.1997, c. 26 ( C.3B:20-11.1 et seq. ) and the income may be applied only to the maintenance of the cemetery. e. For the purposes of this section, except as provided by regulations of the board,
capital gains shall not be considered income, and shall be retained as principal. f. The board shall supervise the creation and operation of the Maintenance and Preservation
Fund and may regulate its operation and use.
Frequently Asked Questions About New Jersey § 45:27-12
What does New Jersey Statutes § 45:27-12 cover?
Section 45:27-12 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 45:27-12?
A common citation format is "New Jersey Statutes § 45:27-12" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 45:27-12 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.