Statutes, codes, and regulations
Mississippi Administrative Code
Title 1 - Secretary of StatePart 12 - Regulation and Enforcement - Preneed Funeral Service and Mdse. and Perpetual Care Cemeteries RegulationSubpart 1 - Mississippi Preneed Cemetery and Funeral Registration Act Rules
Chapter 4 - Examination and Enforcement
Rule 1-12-1-4.3 - Trusting requirements

1 Miss. Code. R. 12-1-4.3

Download
PDF
Current through December 10, 2024
Rule 1-12-1-4.3 - Trusting requirements

Not later than the fifth day of the following month from when funds are received, the contract seller shall place in a trust account in a financial institution as defined by this article at least eighty-five (85%) of the funds received for funeral and cemetery services and merchandise.

1 Miss. Code. R. 12-1-4.3

Miss. Code Ann. § 75-63-59(3) and 67 (Rev. 2009).