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Maryland Code, Business Regulation § 5-701

Current as of December 31, 2021 | Updated by FindLaw Staff

(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.

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Cite this article: FindLaw.com - Maryland Code, Business Regulation § 5-701 - last updated December 31, 2021 | https://codes.findlaw.com/md/business-regulation/md-code-bus-reg-sect-5-701.html

Read this complete Maryland Code, Business Regulation § 5-701 on Westlaw

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.

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