As Amended
SEC. 75-63-15. Trustee to account annually to seller; seller to keep books and records available for inspection.
(1) Every trustee of a cemetery merchandise trust fund shall annually prepare and file with the cemetery merchandise business a detailed accounting and report of such fund on or before March 31 of each year for the calendar year ending the preceding December 31 or within ninety (90) days after the end of the fiscal year of the trust agreement, which report shall include, among other things, properly itemized, the securities in which monies in the fund are invested.
(2) Every seller shall keep accurate books of account and records of all transactions concerning merchandise funds, and a copy of all agreements made in connection with merchandise funds. Such records shall be kept and be available for inspection and copy by any purchaser, or the purchaser's family, legal representative or next of kin, at the usual place of the seller's business, for at least one (1) year after the termination of the agreement which they evidence.
SOURCES: Codes, 1942, Sec. 5131-38; Laws, 1966, ch. 374, Sec. 8; 1982, ch. 371, Sec. 4, eff from and after July 1, 1982.