45:27-32 Resale of interment space.
32. a. Except as provided in subsection b. of this section, a person shall not purchase an interment space for the sole purpose of resale, and a cemetery company shall not sell an interment space to a person whom it reasonably should know is purchasing an interment space for the purpose of resale. The board may adopt regulations to enforce this subsection.
b. A membership or religious corporation or unincorporated association or society may purchase interment spaces in bulk for the purpose of resale, transfer or assignment of interment rights provided that:
(1) if the purchase is for 17 interment spaces or more, it has received approval from the board to do so;
(2) it sells, gives or assigns the interment spaces only to its members and the interment spaces are intended for the use of its members and their families;
(3) at the time it sells, gives or assigns an interment space, it provides notification to the cemetery company for recording;
(4) it designates in writing to the cemetery company an agent with authority to consent to burials in interment spaces owned by it; and
(5) it makes the payments to the Maintenance and Preservation Fund required by section 13 of this act.
c. If the corporation, association or society fails to meet its obligations under subsection b. of this section, the cemetery company may reclaim the unoccupied interment spaces owned by it in the manner and with the restrictions set by the board.
L.2003,c.261,s.32.
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