35-21-609. Directors of mausoleum-columbarium authority as trustees -- investments. The directors of a mausoleum-columbarium authority, if any, may be constituted as the trustees of its endowment care fund. When the fund is in the care of the directors as a board of trustees, the secretary of the mausoleum-columbarium authority shall act as secretary of the board of trustees and keep a true record of all of its proceedings. The investments of the endowment care fund may be held in the name of the mausoleum-columbarium authority.

     History: En. Sec. 96, Ch. 35, L. 1949; R.C.M. 1947, 9-908.