§ 5-701. Definitions  


Latest version.



  •    (a) In general. -- In this subtitle the following words have the meanings indicated.

    (b) Burial space. --

       (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. -- "Buyer" means a person who buys preneed goods or preneed services.

    (d) Preneed burial contract. -- "Preneed burial contract" means a written instrument under which preneed goods or preneed services are to be sold and delivered or performed.

    (e) Preneed services. --

       (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. -- "Seller" means a registered cemeterian, registered crematory operator, registered seller, or any other person who sells preneed goods or preneed services.

    (g) Specific funds. -- "Specific funds" means money that is identified to a specific preneed burial contract.

    (h) Trust account. -- "Trust account" means a preneed trust account.


HISTORY: An. Code 1957, art. 23, § 165B; 1992, ch. 4, § 2; 1997, ch. 675, § 1, 2; 2010, ch. 450.