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- Alaska Statutes.
- Title 10. Corporations and Associations
- Chapter 30. Cemetery Associations and Nonprofit Cemetery Corporations
- Section 80. Disposition of Income From Cemetery Land.
previous: Section 70
. Creation and Use of Irreducible Fund.
next: Section 90
. Debts of Association or Corporation.
AS 10.30.080. Disposition of Income From Cemetery Land.
After paying for the land, the future receipts and income of a cemetery association or nonprofit cemetery corporation,
subject to the creation of an irreducible fund, whether from the sale of lots, from donations, rents, or otherwise,
shall be applied exclusively to laying out, preserving, protecting, and embellishing the cemetery and the avenues
leading to it, the erection of buildings necessary or convenient for the cemetery purpose, and to paying the necessary
expenses of the association or corporation.
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