§ 5–605
Statutes in effect as of October 1, 2026.
Md. Code Ann., Bus. Reg. § 5-605 (2026)
Title 5. Cemeteries
Subtitle 6. Perpetual Care
§ 5–605LinkCopy Citation
(a)
The terms of a trust to provide for perpetual care shall be designated in a written agreement between the registered cemeterian, permit holder, or any other person subject to the trust requirements of this subtitle and trustee.
(b)
The terms of the trust agreement:
(1)
shall conform to this subtitle; and
(2)
may include provisions about:
(i)
payment of income;
(ii)
accumulation of income;
(iii)
reinvestment of income;
(iv)
administration of the trust fund; and
(v)
powers of the trustee as to investments.
(c)
(1)
A trust agreement shall be irrevocable.
(2)
However, a trust agreement may:
(i)
give the registered cemeterian, permit holder, or other person subject to the trust requirements of this subtitle the right to remove the trustee and appoint another qualified trustee; and
(ii)
provide for the appointment of individuals as cotrustees and successor cotrustees with a corporate trustee.