Section 5-701 - Definitions.
§ 5-701. Definitions.
(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.
[An. Code 1957, art. 23, § 165B; 1992, ch. 4, § 2; 1997, ch. 675, §§ 1, 2; 2010, ch. 450.]