N.J.S.A. 45:27-26

Issuance of certificates.

45:27-26 Issuance of certificates. 26. If the board approves, a cemetery company may issue certificates with a fixed face value and a specified interest rate to pay for land acquired for cemetery purposes, for the initial improvements to that land, and for subsequent capital improvements. The board shall review the dollar amount and terms of the certificates so as to assure the financial soundness of the cemetery company. L.2003,c.261,s.26.

External source: View on Justia →

This is the verbatim text of N.J.S.A. 45:27-26, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.

N.J.S.A. 45:27-26 — Issuance of certificates. | Kyzer