KRS 304.29-121: Institutions.

(1) A society may create, maintain and operate, or may establish organizations to

operate, not-for-profit institutions to further the purposes permitted by paragraph (b)

of subsection (1) of KRS 304.29 -051. The institutions may furnish services free or

at a re asonable charge. Any real or personal property owned, held or leased by the

society for this purpose shall be reported in every annual statement, but shall not be

allowed as an admitted asset of the society.

(2) No society shall own or operate funeral homes or undertaking establishments.