In the event of a cemetery's bankruptcy, insolvency, or assignment for the benefit of creditors, the endowed care trust funds shall not be available to any creditor as assets of the cemetery's owner or to pay any expenses of any bankruptcy or similar proceeding, but shall be retained intact to provide for the future maintenance of the cemetery.
Mo. Rev. Stat. § 214.363
Bankruptcy, assignment for benefit of creditors, endowed care fund exempt
Known as the Cemetery Endowed Care Trust Fund Law
The act spans §§ 214–214 (67 sections).
Effective: 28 Aug 2010, 2 histories; (L. 1961 p. 538 § 14, A.L. 1994 S.B. 496 § 214.360 subsec. 2, A.L. 2010 H.B. 1692, et al. merged with H.B. 2226, et al. merged with S.B. 754)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.