sec.39Funeral benefit business trust fund

sec.39 Funeral benefit business trust fund

Moneys standing to the credit of the funeral benefit business trust fund account of a corporation (including moneys payable into the account whether actually deposited in a financial institution account or not), securities and property held consequent upon the investment of moneys pursuant to section 40 and, in an applicable case, nominated property of the corporation constitute the fund of the corporation, called the funeral benefit business trust fund. s 39 amd 1997 No. 17 s 13 ; 2003 No. 73 s 156