Repurchase of burial rights under lot exchange plan

Sec. 2. A cemetery owner may offer or agree to repurchase burial rights under a lot exchange plan that: (1) is entered into with other cemetery owners or through an association of cemetery owners; and (2) provides for the repurchase of burial rights in case the purchaser should change legal residence to another community and purchases burial rights in a cemetery located in the community of the purchaser's new place of residence. As added by P.L.52-1997, SEC.11.