MS SB2580

Amends Mississippi Code Section 41-43-37 to require cemetery owners to pay into irrevocable perpetual care trust funds for placement of above-ground, free-standing, or private mausoleums.

Requires 15% of the sale price for ground interment rights and 5% of the private mausoleum purchase price to be deposited into perpetual care trust funds for private mausoleums.

Allows cemeteries with perpetual care trust funds of $50,000 or less to maintain 30-day certificates of deposit insured by the Federal Deposit Insurance Corporation, with automatic renewal and interest added to principal.

Requires cemetery owners organized after July 1, 2009, or any new mausoleum/columbarium to deposit $25,000 into an irrevocable perpetual care trust fund before selling burial lots or making first burials.

Takes effect July 1, 2012, and directs the Secretary of State to develop a statewide registry of perpetual care cemeteries with a registration fee not exceeding $25 per year.