A cemetery owner may offer or agree to repurchase burial rights under a lot exchange plan that:

1. (1) is entered into with other cemetery owners or through an association of cemetery owners; and
2. (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.