Section 456.536a Preconstruction Sales of Crypts or Niches.

MI Comp L § 456.536a (2019) (N/A)

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Sec. 16a.

A person shall not develop or build a mausoleum or columbarium and engage in preconstruction sales of crypts or niches in a mausoleum or columbarium unless that person does both of the following:

(a) Agrees to complete the mausoleum or columbarium within 4 years after the date of the first sale of an entombment or inurnment right in the proposed mausoleum or columbarium or, if construction is not completed within that time and upon the request of the purchaser, agrees to offer to the purchaser a refund of 100% of the purchase price with interest calculated at the rate of 4% per annum.

(b) Agrees that if the person for whom the entombment or inurnment right in the proposed mausoleum or columbarium dies before completion of the mausoleum or columbarium, an alternative disposition of the remains shall be provided until completion of the mausoleum or columbarium or until a refund is made of 100% of the purchase price with interest calculated at the rate of 4% per annum.

History: Add. 2004, Act 22, Eff. Jan. 1, 2005

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Section 456.536 Irrevocable Endowment and Perpetual Care Trust Fund; Establishment and Maintenance; Commingling Prohibited; Annual Report; Application for Modification or Waiver; Expenses; Bundling of Funds With Common Ownership; Pooling of Trust or Escrow Funds for Investment Purposes; Agreement With Regulated Financial Institutions With Trust Powers; Deposits; Agent or Seller; Deposit Requirements; Use of Interest or Income; Merchandise Trust Account; Deposit for Sale of Burial Vaults or Containers; Repayment; Installation of Vault; Contents of Cemetery Merchandise and Services Contract; Annual Reports; Deficit in Amount of Required Deposits; Penalty; Hearing; Additional Penalty; Powers and Jurisdiction of Attorney General and Courts; Disposition of Fees, Charges, and Penalties; Notice of Financial Transaction or Investment; Failure to Submit Reports Under Subsections (12) and (13); Civil Actions.

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Section 456.537 Right to Possess Space Within Cemetery; Presumption of Abandonment; Certification; Notice; Record; Remedies; Transfer; Sale; Contract; Publication on Internet Website; Exception; Intent of Section; Definitions.