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.