As used in the Perpetual Care Fund Act:

1. 1. "Cemetery" or "cemeteries" means any land or structure in this state dedicated to or used, or intended to be used, for the interment of human remains;
2. 2. "Burial space" means any grave space, lot, mausoleum crypt or niche which is used or intended to be used for the interment of human remains;
3. 3. "Purchase price" means the gross dollar amount the customer must pay the cemetery under a contractual agreement between the two to exchange ownership of certain grave spaces, lots, mausoleum crypts or niches. Purchase price does not include finance charges, sales tax, charges for credit life insurance, opening and closing costs and setting fees, but does include any amount which the customer is required to pay as a deposit to the Perpetual Care Fund, described in Section 163 of this title. On sales of burial spaces wherein discounts or free spaces are granted to the customer by the cemetery, the purchase price is determined to be the fair market value or the normal selling price of that particular type of burial space as sold by the cemetery; and
4. 4. "Financial institution" means a federally insured bank, trust company or savings and loan association which is authorized to do business in this state.

Laws 1953, HB 989, p. 16, § 2, emerg. eff. May 19, 1953; Amended by Laws 1993, SB 275, c. 218, § 1, eff. September 1, 1993.