Requires trustees or executors to disclose biennially the balance of funds in trust for cemetery care to the cemetery association.

This bill amends the not-for-profit corporation law and the estates, powers, and trusts law to require trustees or executors managing funds in trust for the perpetual care of cemetery lots to disclose the balance of these funds to the cemetery association at least every two years. This disclosure is mandated until the surrogate's court approves an agreement under specific conditions. For existing dispositions, the disclosure must be made within one year of the bill's effective date.

Requires trustees or executors to disclose biennially the balance of funds in trust for cemetery care to the cemetery association.

This bill amends the not-for-profit corporation law and the estates, powers, and trusts law to require trustees or executors managing funds in trust for the perpetual care of cemetery lots to disclose the balance of these funds to the cemetery association at least every two years. This disclosure is mandated until the surrogate's court approves an agreement under specific conditions. For existing dispositions, the disclosure must be made within one year of the bill's effective date.