Reserve Vault Corp. v. Jones

Carleton Harris, Chief Justice.

This litigation involves the validity of Act 78 of 1961, entitled, “An Act Relating to Prepaid Funeral Expenses; Requiring Registration of Organizations Dealing Therein and Requir-ing the Establishment of Trusts for the Benefit and Protection of Purchasers of Such Contracts.” The provision particularly under attack is Section 5, which reads as follows:

“SECTION 5. After the effective date of this Act, all funds collected under contracts for prepaid funeral benefits, including funds collected under contracts made before the effective date of this Act, shall be…