Current through Register Vol. 56, No. 18, September 16, 2024
(a) No
bulk sales made by a cemetery company shall become effective until approved by
the Board.
(b) No cemetery company
shall sell 17 or more interment spaces or niches, in one or more transactions,
to a membership or religious corporation or unincorporated association or
society without prior Board approval.
(c) The Executive Director of the Board is
authorized to grant approval for sales pursuant to (a) above. The Board shall
be notified that such approval has been granted at the next regularly scheduled
meeting.
(d) An application for
approval of a bulk sale shall include the following:
1. A copy of the contract of sale, which
shall include the names of the parties, the number of interment spaces or
niches to be sold, the location of each, and the sales price;
2. A statement by the cemetery company that:
i. The transaction conforms to
45:27-32;
ii. The cemetery company will deposit into
its Maintenance and Preservation Fund at least 15 percent of the current retail
gross sales price of comparable graves or at least 10 percent of the current
retail gross sale price of comparable crypts or niches as payments are
received;
iii. The cemetery company
is aware that, except as provided in
N.J.A.C.
13:44J-5.3(j), if the
purchaser resells or transfers an interment space or niche in the future, at
least 15 percent of the current retail gross sales price of comparable
interment spaces or niches must be deposited into the Maintenance and
Preservation Fund of the cemetery company, and that a credit shall be given for
any money previously paid into the Maintenance and Preservation Fund in
connection with the interment space or niche; and
iv. The cemetery company is selling the
interment spaces or niches in good faith and does not have any knowledge of any
intent to resell on the part of the purchaser which would violate
45:27-32;
3. A certified statement
by an officer of the membership or religious corporation or unincorporated
association or society that provides interment spaces or niches solely for its
members and their families that:
i. The
purchaser is a membership corporation or religious corporation or society, or
an unincorporated association or society;
ii. The purchaser will purchase the spaces
pursuant to
45:27-32;
iii. The purchaser will resell or give the
interment spaces or niches, or the right to use the interment spaces or niches,
purchased in this bulk sale only to members, and the spaces will be provided
solely for members and their families;
iv. If the purchaser transfers or resells any
interment space or niche in the future, except as provided in
N.J.A.C.
13:44J-5.3(j), it will
transmit to the cemetery for deposit into the Maintenance and Preservation Fund
of the cemetery company at least 15 percent of the current retail gross sales
price of comparable interment spaces or niches and that the purchaser shall
receive a credit for any money previously paid into the Maintenance and
Preservation Fund in connection with the interment space or niche;
v. The purchaser is purchasing the interment
spaces or niches in good faith and does not have any intent to resell which
would violate
45:27-32;
vi. The purchaser shall send to the cemetery
company the name and address of individuals who have the right of interment in
an interment space and their next of kin;
vii. The purchaser shall notify the cemetery
company when it sells, gives or assigns interment spaces and niches;
and
viii. The purchaser shall
designate in writing to the cemetery company an agent who has authority to
consent to burials in interment spaces or niches owned by it or a change in the
agent.
4. A copy of the
cemetery company's price list; and
5. An application fee as set forth in
13:44J-3.1(a)1
iv(8).
(e) The Board may request additional
information from the cemetery company regarding the application for the sale of
spaces.