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§ 5-701. Definitions

MD Bus Reg Code § 5-701 (2019) (N/A)
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(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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§ 5-702. Scope of subtitle