367.962 Allocation of payments -- Increase of gross sale price prohibited.
181 words·~1 min read·
/ky/chapter-367/367-962A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)Whenever any contract for sale shall be entered into in which items of cemetery
merchandise and rights to interment, inurnment or entombment are included,
without allocation of the gross sale price among the items sold, the application of
payments received under the contract shall be allocated, first to the right to
interment, inurnment or entombment, second to items of cemetery merchandise
relating to memorialization and third, to items relating to the disposition of the
remains of a dead human being, including preneed funeral merchandise and
services, unless some other allocation is clearly provided in the contract.
(2)Any person engaging in a combination sale which involves the sale of any item in
addition to the sale of cemetery merchandise or a combination sale which involves
the sale of any item in addition to the sale of rights to interment, inurnment or
entombment shall be prohibited from increasing the gross sales price of those items
which require the lesser trust fund deposit with the purpose of allocating a lesser
gross sales price to items which require a higher trust fund requirement.