Endowment care funds shall not be used for any purpose other than to provide, through income only, for the endowment care stipulated in the instrument by which the fund was established. Endowment care funds shall be kept separate and distinct from all assets of the cemetery authority. Endowment care principal shall remain inviolable and may not be reduced in any way not found within RCW 11.100.020.
RCW 68.44.020
Use and care of funds.
Applied in 1 court decision — leading case Washington Trust Bank v. United States (1969)
Most recently applied in Washington Trust Bank v. United States (July 1969)
2005 c 365 s 114; 1987 c 331 s 42; 1953 c 290 s 12
Official source: Washington State Legislature. Reproduced from public-domain Washington statutes; confirm against the official source for the current text. Not legal advice.