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Cal. Business and Professions Code § 7738

Cal. Business and Professions Code § 7738

California · California Business and Professions Code · Status: effective · Effective 1997-01-01

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Cal. Business and Professions Code § 7738, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/776233
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A licensed funeral establishment that is also a licensed cemetery authority shall not deposit any money or securities received in connection with preneed funeral arrangements in a special endowment care fund as provided in Article 4 (commencing with Section 8775) of Chapter 5 of Part 3 of Division 8 of the Health and Safety Code, nor shall a licensed funeral establishment permit the deposit of any money or securities received in connection with a special endowment care fund into a preneed funeral trust fund. Nothing in this section shall require the liquidation or conversion of any lawful investment existing on December 31, 1981.