Md. Code, Business Regulation § 5-701
This is the official text of Md. Code, Business Regulation § 5-701, part of Maryland’s Code, Business Regulation — governs general business licensing and regulation.
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§5–701.
Official statutory text
(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.
(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.
Status: in_force · Read it on the official government site
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