La. Rev. Stat. § 8:457

A. Any cemetery in existence on August 1, 1962, which, prior to such date, sold or contracted to sell interment spaces with a provision for perpetual or endowed care, qualifies for the exceptions set forth in this Chapter if the owner of the cemetery filed in the office of the recorder of mortgages for the parish in which the cemetery is located, a sworn affidavit executed by the owner, or its principal officer, setting forth all of the following:

(1) That a care fund was in existence for the cemetery, the principal of which was equal to a minimum of ten percent of the gross sales of interment spaces made by the cemetery since its inception or since January 1, 1961, whichever date is later.

(2) The nature and character of the assets comprising such care fund.

(3) The name of the financial institution or trustees or other entity which had custody and control of such fund.

B. A like affidavit shall be filed with the board at the end of each fiscal year thereafter for the operation of such cemetery.

C. No cemetery in existence on August 1, 1962, which prior to such date had sold or contracted to sell lots in the cemetery with a provision for perpetual or endowed care, shall continue to operate as a perpetual or endowed care cemetery without having filed and without filing the affidavits required by this Section. However, an affidavit filed by a cemetery before July 31, 1974, and recorded in the mortgage records of the parish of its domicile, setting forth that the perpetual care or endowed care fund has been properly and continually maintained since January 1, 1961, shall be considered conclusive proof that the provisions of this Section have been complied with and shall place the cemetery authority within the excepted cemeteries.

Acts 1974, No. 417, §1. Acts 1983, No. 525, §1; Acts 2001, No. 468, §1; Acts 2018, No. 391, §1, eff. May 20, 2018; Acts 2022, No. 574, §1.