Iowa Code r. 191-101.7 - Commingling of care fund accounts

(1) Generally, commingling not permitted. Except as otherwise provided in subrules 101.7(2) and 101.7(3), the assets of a care fund may not be commingled with the assets of another care fund or with any other fund's assets.

(2) Other care funds. The assets of one or more care funds may be commingled in a single financial account for investment purposes if separate title and separate accounting are maintained for each cemetery's care fund.

(3) Governmental subdivisions. A governmental subdivision may commingle care funds pursuant to Iowa Code section 523I.506.

Notes

Iowa Code r. 191-101.7

ARC 2810C, IAB 11/9/16, effective 12/14/16

Adopted by IAB April 29, 2015/Volume XXXVII, Number 22, effective 6/3/2015 Rescinded by IAB November 25, 2015/Volume XXXVIII, Number 11, effective 12/30/2015 Amended by IAB November 9, 2016/Volume XXXIX, Number 10, effective 12/14/2016