(a) In this subtitle the following words have the meanings indicated.
(b)(1) “Burial space” means land or space in a structure used or to be used for burial.
(2) “Burial space” includes a burial right in the land or space.
(c) “Buyer” means a person who buys preneed goods or preneed services.
(d) “Preneed burial contract” means a written instrument under which preneed goods or preneed services are to be sold and delivered or performed.
(e)(1) “Preneed services” means services that are sold:
(i) before the buyer's death; and
(ii) in connection with burial or cremation.
(2) “Preneed services” includes opening and closing a grave.
(f) “Seller” means a registered cemeterian, registered crematory operator, registered seller, or any other person who sells preneed goods or preneed services.
(g) “Specific funds” means money that is identified to a specific preneed burial contract.
(h) “Trust account” means a preneed trust account.
Credits
Acts 1992, c. 4, § 2; renumbered from Business Regulation § 5-401 by Acts 1997, c. 675, § 1, eff. July 1, 1997; Acts 1997, c. 675, § 2, eff. Oct. 1, 1997. Amended by Acts 2010, c. 450, § 1, eff. Oct. 1, 2010.
Formerly Art. 23, § 165B.
MD Code, Business Regulation, § 5-701, MD BUS REG § 5-701
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
