Does Maryland law require regulated cemeteries to have a perpetual care trust fund?
Each regulated cemetery which offers to sell or sells burial space as to which perpetual care is stated or implied is required to have a perpetual care trust fund. In addition, any regulated cemetery created after October 1, 2001 is required to establish a perpetual care trust fund. This applies to for-profit and non-profit cemeteries established after October 1, 2001.
Related Questions
- May a regulated cemetery use both the income from the trust fund and the corpus of the trust fund to provide perpetual care?
- Does Maryland law restrict the use of the perpetual care fund income by regulated cemeteries?
- Does Maryland law require regulated cemeteries to have a perpetual care trust fund?
