Download or read book Attorney General Opinion No. 1981-237 written by Robert T. Stephan and published by . This book was released on 1981 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Pursuant to K.S.A. 1980 Supp. 17-1311, a cemetery corporation is required to deposit a portion of the purchase price of each burial lot in a fund, the income of which is to be used for the permanent maintenance of the cemetery. If income accrued for any one year is in excess of such maintenance costs, it may be accumulated and invested so as to produce additional income. However, it does not become part of the principal of the fund by virtue of being carried over, and, if required for maintenance costs in succeeding years, can be expended, unlike the principal which must remain in trust in perpetuity. Cited herein: K.S.A. 1980 Supp. 17-1311, 17-1312, 17-1312a.