A person shall not operate a cemetery for pets unless:
1. The trust fund for the endowment care of the cemetery contains a principal sum of not less than that amount required pursuant to NRS 452.705.
2. The cemetery is located on not less than 2.5 acres of real property which:
(a) Is dedicated for use as a cemetery for pets pursuant to NRS 452.655; and
(b) Is not subject to any liens, mortgages or other encumbrances, except those which are subordinate to the dedication of the property for use as a cemetery for pets.