California Code of Regulations
Title 16 - Professional and Vocational Regulations
Division 23 - Cemetery and Funeral Bureau
Article 3.5 - Endowment Care Fund Unitrust Distribution
Section 2334.1 - Approval of Endowment Care Fund Conversion

Universal Citation: 16 CA Code of Regs 2334.1
Current through Register 2024 Notice Reg. No. 12, March 22, 2024

Pursuant to Section 8726.2 of the Health and Safety Code, a cemetery authority shall not convert its endowment care fund to a unitrust distribution method without first complying with Section 2334 and receiving the bureau's written approval. If the bureau approves a cemetery authority's application to convert its endowment care fund to a unitrust distribution method, the conversion to the unitrust distribution method shall become effective on the first day of the cemetery authority's reporting year following the date of approval from the bureau.

1. New section filed 1-5-2022; operative 1-5-2022 pursuant to Government Code section 11343.4(b)(3) (Register 2022, No. 1).

Note: Authority cited: Section 7606, Business and Professions Code; and Section 8726.2, Health and Safety Code. Reference: Sections 8726.1, 8726.2, 8738 and 8738.1, Health and Safety Code.

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