Vermont § 5438 - Cemetery accounts; annual reports

§ 5438. Cemetery accounts; annual reports

• (a) A cemetery association shall keep and maintain adequate and correct accounts of its
  business transactions, which at all reasonable times shall be open to the inspection
  of every member of such corporation. It shall keep separate and apart from its other
  funds all monies and property received by it for the perpetual care of the cemetery,
  community mausoleum, or columbarium that is owned by it or for the lots therein, and
  it shall keep accurate accounts of such perpetual care funds separate and apart from
  its accounts of other funds. (b) The treasurer of such corporation shall make, sign, and file at the annual meeting
  a report countersigned by the president, concerning the affairs of the corporation
  and the perpetual care funds, which report shall contain, among other things, a statement
  as to the amount of the treasurer’s bond and a true statement of the total amount
  of the fund or funds received and set apart for the perpetual care of the lots, cemetery,
  community mausoleum, and columbarium. Such report shall contain a list of the securities
  in which such fund or funds are invested, the income received from the fund or funds,
  all disbursements from such income, and the balance of money or property held and
  on hand in such fund or funds, and copies thereof shall forthwith be filed with the
  town clerk of the town and with the Probate Division of the Superior Court for the
  district in which the cemetery, community mausoleum, or columbarium is situated. (Amended 2009, No. 154 (Adj. Sess.), § 238a, eff. Feb. 1, 2011; 2023, No. 6, § 181, eff. July 1, 2023.)