Tex. Health and Safety Code § 712.004
PERPETUAL CARE TRUST FUND REQUIRED
Texas · Texas Health and Safety Code · Status: effective
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- Citation
- Tex. Health and Safety Code § 712.004, PERPETUAL CARE TRUST FUND REQUIRED, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/675309
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Full text
(a) Before obtaining a corporate charter, the incorporators of a corporation chartered on or after September 3, 1945, and before September 1, 1993, must establish a fund by permanently depositing in cash with the trustee of the fund:
(1) $15,000, if the corporation has capital stock of $15,000;
(2) $30,000, if the corporation has capital stock of $30,000; or
(3) $50,000, if the corporation has capital stock of $50,000 or more.
(b) Before obtaining a corporate charter, the incorporators of a corporation chartered on or after September 1, 1993, must establish a fund by permanently depositing in cash with the trustee of the fund an amount of not less than $50,000 for each perpetual care cemetery operated in this state.
(c) The fund shall be permanently set aside and deposited in trust with the trustee in accordance with Subchapter B.