Md. Code, Bus. Reg. § 5-701

Current with changes from the 2024 Legislative Session
Section 5-701 - Definitions
(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.

Md. Code, BR § 5-701