North Carolina 2017-2018 Session Status: In Committee

HB 759 — Cemeteries/Perpetual Care Trust Funds.

Last action — Passed 1st Reading

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2017-2018 Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Bill Text

What changed in the latest version

32 added · 31 removed

Plain-language change summary

The recent amendment to House Bill 759 includes the removal of the exemption for the State Treasurer from the requirement to file a trustee's bond for perpetual care trust funds. This means that now all trustees, including the State Treasurer, will need to secure a bond to ensure they fulfill their duties responsibly. This change is significant because it aims to enhance accountability and protect the interests of those relying on these trust funds for cemetery care.

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GENERAL ASSEMBLY OF NORTH CAROLINA H.B.
GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 2017 H 1 HOUSE BILL 759 Short Title:
759 Apr 11, 2017 SESSION 2017 HOUSE PRINCIPAL CLERK H D HOUSE BILL DRH40435-MU-15A (02/14) Short Title:
For a complete list of sponsors, refer to the North Carolina General Assembly web site.
A BILL TO BE ENTITLED AN ACT TO PROVIDE UNIFORMITY IN THE MANAGEMENT OF PERPETUAL CARE TRUST FUNDS FOR THE BENEFIT OF CEMETERIES.
State and Local Government II April 13, 2017 A BILL TO BE ENTITLED AN ACT TO PROVIDE UNIFORMITY IN THE MANAGEMENT OF PERPETUAL CARE TRUST FUNDS FOR THE BENEFIT OF CEMETERIES.
The trustee shall charge any loss on investment against the corpus.
The trustee shall charge any loss on investment against *H759-v-1* General Assembly Of North Carolina Session 2017 the corpus.
If the net income is insufficient to pay all trust administration expenses, the *DRH40435-MU-15A* General Assembly Of North Carolina Session 2017 cemetery company is not obligated to pay the unpaid amount.
If the net income is insufficient to pay all trust administration expenses, the cemetery company is not obligated to pay the unpaid amount.
Page 2 DRH40435-MU-15A [v.13] (02/17)
Page 2 House Bill 759-First Edition
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Action History

  1. Passed 1st Reading

  2. Ref To Com On State and Local Government II

  3. Filed

Sponsors

  • Michaux · Cosponsor
  • Hunter · Cosponsor
  • Farmer-Butterfield · Cosponsor

Sponsorship breakdown

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0 sponsors · 3 co-sponsors · 176 not signed on

Sponsors (0)

None.

Co-sponsors (3)

  • Michaux
  • Hunter
  • Farmer-Butterfield

Not signed on (176)

176 members have not signed on to this bill.

Show all 176 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

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Frequently asked questions

Who sponsors HB 759?
HB 759 is sponsored by Michaux, Hunter, and Farmer-Butterfield.
What is the current status of HB 759?
This bill died with 2017-2018 Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HB 759?
Track HB 759 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 3 months ago · updated continuously

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