§ 5-701
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/md/business-regulation/5-701A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§5–701.
(a)In this subtitle the following words have the meanings indicated.
(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.
(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.