Modifies the Principal and Income Act to resemble the latest version of the Uniform Fiduciary Income and Principal Act

HB 3246 updates Missouri's rules for cemetery "endowed care trusts" (funds set aside to maintain burial sections where plots were sold). It requires these trusts to be managed by Missouri-based financial institutions, keeps all records physically or electronically accessible in Missouri, and limits trustee powers - such as banning changes to trust terms or unitrust rates exceeding 5% annually. Cemetery operators must use all income solely for maintaining the designated cemetery section, not other purposes, and principal funds must remain intact. The bill directly affects cemetery operators, trustees, and Missouri's legal framework for managing these long-term care funds.