Regulated Industries & Professions 

(b)   On performance of a preneed burial contract:

(1)   the seller shall certify to the trustee:

(i)   delivery of the preneed goods or performance of the preneed services; and

(ii)   the amount of specific funds in the trust account; and

(2)   the trustee shall then pay to the seller the specific funds and accrued interest.

(c)    (1)   In a seller’s records, the seller may itemize preneed goods or preneed services to which the trust requirements of this subtitle apply and the consideration paid or to be paid for each item.

(2)   If a seller itemizes in accordance with paragraph (1) of this subsection, on performance of that part of a preneed burial contract identified for itemized preneed goods or preneed services:

(i)   the seller shall certify to the trustee:

1.   delivery of the preneed goods or performance of the preneed services; and

2.   the amount of the specific funds identified in the seller’s records for those preneed goods or preneed services; and

(ii)   the trustee shall then pay to the seller those specific funds and accrued interest.

(d)    (1)   If a preneed burial contract provides, for 2 or more individuals, preneed goods or preneed services to which the trust requirements of this subtitle apply, a seller may designate in the seller’s records the consideration paid for each individual.

(2)   On performance of that part of the preneed burial contract identified to a particular individual:

(i)   the seller shall certify to the trustee:

1.   delivery of the preneed goods or performance of the preneed services; and

2.   the amount of the specific funds applicable to that part of the preneed burial contract; and

(ii)   the trustee shall then pay to the seller those specific funds and accrued interest.
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Maryland Laws: Regulated Industries & Professions

Maryland Code > Business Occupations and Professions

Maryland Code > Business Regulation

Maryland Code > Miscellaneous Companies

U.S. Code Provisions: Regulated Industries & Professions

U.S. Code > Title 15 > Chapter 8 - Falsely Stamped Gold Or Silver Or Goods Manufactured Therefrom

U.S. Code > Title 15 > Chapter 13 - Textile Foundation

U.S. Code > Title 15 > Chapter 42 - Interstate Land Sales

U.S. Code > Title 15 > Chapter 48 - Hobby Protection

U.S. Code > Title 15 > Chapter 80 - Fasteners

U.S. Code > Title 15 > Chapter 85 - Armored Car Industry Reciprocity

U.S. Code > Title 15 > Chapter 92 - Year 2000 Computer Date Change

U.S. Code Title 18 > Part I > Chapter 89 - Professions And Occupations