NORTH CAROLINA GENERAL ASSEMBLY

1971 SESSION

 

 

CHAPTER 650

HOUSE BILL 698

 

 

AN ACT REQUIRING ALL MUTUAL BURIAL ASSOCIATIONS IN THE STATE TO MAKE TWELVE ASSESSMENTS PER YEAR ON ITS MEMBERS.

 

The General Assembly of North Carolina do enact:

 

Section 1.  G.S. 58-237.1 is rewritten as follows:

"Every burial association now or hereinafter organized shall make 12 assessments, or their equivalent, per year per member. The Burial Commissioner shall order any association to make more than 12 assessments per year when, after notice and hearing, it shall appear to the Burial Commissioner that the death loss of any association so requires in order to protect the interest of the members."

Sec. 2.  This act shall become effective July 1, 1971.

In the General Assembly read three times and ratified, this the 22nd day of June, 1971.