1. (a) In this subtitle the following words have the meanings indicated.

2. (b)

   1. (1) “Burial space” means land or space in a structure used or to be used for burial.
   2. (2) “Burial space” includes a burial right in the land or space.
3. (c) “Buyer” means a person who buys preneed goods or preneed services.
4. (d) “Preneed burial contract” means a written instrument under which preneed goods or preneed services are to be sold and delivered or performed.

5. (e)

   1. (1) “Preneed services” means services that are sold:

      1. (i) before the buyer's death; and
      2. (ii) in connection with burial or cremation.
   2. (2) “Preneed services” includes opening and closing a grave.
6. (f) “Seller” means a registered cemeterian, registered crematory operator, registered seller, or any other person who sells preneed goods or preneed services.
7. (g) “Specific funds” means money that is identified to a specific preneed burial contract.
8. (h) “Trust account” means a preneed trust account.

Acts 1992, c. 4, § 2; renumbered from Business Regulation § 5-401 by Acts 1997, c. 675, § 1, eff. July 1, 1997; Acts 1997, c. 675, § 2, eff. Oct. 1, 1997. Amended by Acts 2010, c. 450, § 1, eff. Oct. 1, 2010.

Formerly Art. 23, § 165B.