As used in this chapter alternative investment means the use of care funds received from the sale of cemetery lots by a cemetery authority to purchase investment instruments, rather than depositing the care funds in a financial institution under s. 157.19, Stats., or with the treasurer of the county or city in which the cemetery is located.

History

History: CR 12-021: cr. Register August 2012 No. 680, eff. 9-1-12; CR 17-050: (3) renum. to CB 1.015 Register July 2018 No. 781, eff. 8-1-18; CR 19-149: consol. (intro.) and (1), renum. to CB 5.03 and am., r. (2) Register September 2020 No. 777, eff. 10-1-20; correction in (title) made under s. 13.92 (4) (b) 2., Stats., Register September 2020 No. 777.