Health & Saf. Code, § 8726 · Article 2. Care of Active Cemeteries
Health & Saf. Code, § 8726
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) The principal of all funds for endowment care shall be invested and the income only may be used for the care, maintenance, and embellishment of the cemetery in accordance with the provisions of law and the resolutions, bylaws, rules, and regulations or other actions or instruments of the cemetery authority and for no other purpose. Endowment and special care funds shall be maintained separate and distinct from all other funds and the trustees shall keep separate records thereof.
(b) For purposes of this article, the following definitions shall apply:
(1) “Income” means distribution under either the net income distribution method or the unitrust distribution method.
(2) “Unitrust distribution method” means an income distribution method where the net income amount, known as the unitrust amount, is no more than 5 percent of the fair market value of the trust assets.
Notes and commentary — not statutory text
History
Amended by Stats. 2017, Ch. 750, Sec. 3. (AB 926) Effective January 1, 2018.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=HSC§ionNum=8726.
- Text hash
- sha256 76690dfbb8fabb18305caef87a808729154fabe90f01e2fc5c9693cb46e7c6c7
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
Cited by 2 provisions
Provisions in this library whose text cites Health & Saf. Code, § 8726. Each shows the citation as that text prints it.
Business and Professions Code
Health and Safety Code
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