Appraisal of Real Estate Properties
SEC-IRD Memorandum Circular No. 03-95 • Securities and Exchange Commission Departments • Economic Research and Training Department (ERTD) • Dec 4, 1995
Full text
December 4, 1995 SEC-IRD * MEMORANDUM CIRCULAR NO. 03-95 TO : All Issuers of Pre-Need Plans RE : Appraisal of Real Estate Properties For the information and compliance by all issuers of pre-need plans, it is advised that appraisal of real estate properties may not be allowed to cover any deficiency or future deposit requirement of the trust fund. If revaluation of property results in an upward valuation, it shall be treated as growth in trust fund and not as gain to replenish the deficiency. cdlex This Circular takes effect immediately. (SGD.) PERFECTO R. YASAY, JR. Acting Chairman
Ask what this means for your situation
The assistant quotes the passage it relies on and links the source, so you can check every figure it gives you.