(a) All undertakers' licenses issued under any prior law and being in effect on the effective date of this act shall continue, subject to the provisions of this act as to renewal, suspension and revocation and to the rules and regulations of the board. Existing licenses to corporations and partnerships and to conduct a practice under a fictitious name shall continue and may be renewed, but such corporate licenses shall not be permitted, after the effective date of this act, to operate under any name other than the name as licensed as of the date of this act, except that such corporate licenses may operate under the name or names of individual licensed funeral directors who are stockholders of said corporations. Such corporate licenses shall only be valid if the corporation has, for each place of business operated by it, registered with the board the name of a licensed funeral director who will serve as a full-time supervisor of such place of business. No original license shall be issued under this act to conduct a practice under a fictitious name.

(b) The board may grant licenses to individuals from other states if: (1) the applicants' standards and qualifications for licensing are at least as high as those provided hereby, (2) similar privileges are accorded persons licensed in this Commonwealth, (3) the applicants hold valid licenses from their state of residence, and (4) the terms and conditions prescribed by the board are complied with.

(c) The board may, in its discretion, enter into an agreement with the corresponding licensing authority of any other state to issue limited licenses which would permit persons duly licensed as funeral directors in either state to enter into the other state for the purpose of removing, transporting and burying dead human bodies and directing funerals, or any combination thereof, in the same manner as if licensed under the laws of such other state, except that such persons shall not maintain an establishment, advertise or hold themselves out, directly or through any agent or agency or otherwise, as funeral directors other than in the state in which they are licensed. Any such agreement between the board and the corresponding licensing authority of another state shall include a provision that the licensing authority issuing the limited license shall have the power to take disciplinary action against the holder of a limited license for any unprofessional conduct which may occur within the issuing licensing authority's jurisdiction and that any disciplinary action shall be reported to the corresponding licensing authority. The board shall have the power to promulgate regulations to implement the provisions of this section, including the establishment of necessary fees.