Md. Code, Business Regulation § 5-701

§5–701.

Last amended: 2026Year: 2026Length: 151 wordsSubsections: 10Official source
(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, Business Regulation § 5-701: §5–701. | Justis AI