§ 50479. Burial Funds.
22 CA ADC § 50479Barclays Official California Code of Regulations
22 CCR § 50479
§ 50479. Burial Funds.
(1) Money or securities placed in an irrevocable trust for funeral, cremation, or interment expenses with the following trustees: any banking institution or trust company empowered by the State of California to act as trustee in the handling of trust funds, cemetery authority which has established an endowment care fund, or not less than three persons one of whom may be in the employ of a funeral director.
(2) Money or securities placed in an irrevocable trust created by the deposit in an insured savings institution made by one person of his or her own money in his or her own name as trustee for a funeral director to provide payment for funeral services rendered by the funeral director upon the depositor's death.
Credits
Note: Authority cited: Sections 10725 and 14124.5, Welfare and Institutions Code. Reference: Sections 11158 and 14006, Welfare and Institutions Code; Section 1396a(r)(2), Title 42, United States Code; and Sections 416.1201 and 416.1231, Title 20, Code of Federal Regulations.
History
1. Amendment filed 3-7-80 as an emergency; effective upon filing (Register 80, No. 9). A Certificate of Compliance must be transmitted to OAL within 120 days or emergency language will be repealed on 7-6-80.
2. Certificate of Compliance filed 6-6-80 (Register 80, No. 23).
3. Amendment filed 5-29-91; operative 6-28-91 (Register 91, No. 31).
4. Amendment of section heading, section and Note filed 10-25-95; operative 11-24-95 (Register 95, No. 43).
This database is current through 6/21/24 Register 2024, No. 25.
Cal. Admin. Code tit. 22, § 50479, 22 CA ADC § 50479
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