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Ch. 348
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2007 Laws of Maryland
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(2) A separate perpetual care trust fund shall be established for each
cemetery to which this section applies.
(3) On the general price list, contract of sale of burial space, and any
conveyance documents, all cemeteries subject to the provisions of this subtitle shall
state in writing the following using 12 point or larger type font:
(i) "The cemetery is a perpetual care cemetery."; or
(ii) "The cemetery is not a perpetual care cemetery."
(4) A SOLE PROPRIETOR REGISTERED CEMETERIAN, PERMIT
HOLDER, OR OTHER CEMETERY OWNER SHALL ESTABLISH A PERPETUAL CARE
TRUST FUND FOR EACH cemetery created in the State after October 1, 2001, that is
not exempt under [§ 5-601 § 5-602 of this subtitle shall be required to establish a
perpetual care trust fund] § 5-102(A) OF THIS TITLE.
(c) Each sole proprietor registered cemeterian, permit holder, or any other
person subject to the trust requirements of this subtitle initially shall deposit in the
perpetual care trust fund at least:
(1) $10,000, if the developed land area of the cemetery is 10 acres or
less and the cemetery is a nonprofit cemetery which does not sell burial goods;
(2) $25,000, if the developed land area of the cemetery is more than 10
acres and the cemetery is a nonprofit cemetery which does not sell burial goods;
(3) $25,000, if the developed land area of the cemetery is 10 acres or
less and the cemetery is a for-profit cemetery or a nonprofit cemetery which sells
burial goods; or
(4) $50,000, if the developed land area of the cemetery is more than 10
acres and the cemetery is a for-profit cemetery or a nonprofit cemetery which sells
burial goods.
(d) (1) The deposits required by this subsection are in addition to the
deposits required by subsection (c) of this section.
(2) Except as provided in paragraph (4) of this subsection, within 30
days after the end of the month when the buyer of a right of interment in a burial lot,
above-ground crypt, or niche makes a final payment, the registered cemeterian,
permit holder, or any other person subject to the trust requirements of this subtitle
shall pay in cash to the trustee for deposit in the perpetual care trust fund:
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-2192-
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