Vermont § 5435 - Sales of lots, crypts, and niches; how income applied; rules

§ 5435. Sales of lots, crypts, and niches; how income applied; rules

• (a) The income of a cemetery association, whether derived from the sale of lots, spaces,
  crypts, or niches for the permanent disposition of human remains, from donations,
  or otherwise, shall be exclusively applied to paying for the land or other cemetery
  property; laying out, preserving, protecting, and embellishing the cemetery and avenues
  leading thereto; the erection of buildings necessary for cemetery purposes; the establishing
  of a fund to care permanently for the cemetery; the repair and upkeep of mausoleums,
  vaults, columbariums, crypts, and niches in the cemetery; and to paying the necessary
  expenses of the cemetery association. A debt shall not be contracted in anticipation
  of future receipts, except for the original purchase of the land, community mausoleum,
  or columbarium, laying out, enclosing, and embellishing the grounds and avenues therein
  and to a sum not exceeding $50,000.00 in the whole, to be paid out of future income.
  The proceeds from the sale of lots, spaces, crypts, or niches for the permanent disposition
  of human remains, or other income of such association, shall not be divided among
  its members. All its income shall be used exclusively for the purposes of the association,
  as provided in this chapter, or invested in a fund the income of which shall be so
  used. Such association may adopt such reasonable rules and regulations as it deems
  expedient for disposing of and conveying lots, spaces, crypts, and niches for the
  permanent disposition of human remains. (b) At a regular meeting or at a special meeting duly called for that purpose, a cemetery
  corporation may adopt bylaws respecting improvements upon its lots and grounds as
  to the embellishment and beautifying of the same. It may also provide that the cost
  of such improvements be paid out of the regular funds of the corporation. (Amended 2023, No. 6, § 180, eff. July 1, 2023.)