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Maryland Code, Business Regulation § 5-701

Current as of January 01, 2025 | 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 January 01, 2025 | https://codes.findlaw.com/md/business-regulation/md-code-bus-reg-sect-5-701/

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