Montana § 37-19-827 Contract For Prearranged Funeral Plan Or Related Services -- Trust Requirement -- Interest -- Exception

Montana Statutes

§ 37-19-827 — Contract For Prearranged Funeral Plan Or Related Services -- Trust Requirement -- Interest -- Exception

Montana·Title 37 PROFESSIONS AND OCCUPATIONS·Ch. 19 MORTICIANS AND FUNERAL SERVICES·Part 8 Perpetually Maintained Cemeteries -- Trusts

37-19-827 . Contract for prearranged funeral plan or related services -- trust requirement -- interest -- exception.

(1)Prearranged funeral or related services may be presented, negotiated, and sold to the public only by a licensed mortician.

(2)Except as provided in subsection (5), all money paid pursuant to a contract for a prearranged funeral or related services must be held in trust for the purposes for which the money was furnished until the obligations of a mortuary, a branch establishment, a crematory, a cemetery firm, or a mausoleum-columbarium corporation have been:

(a)fulfilled according to the terms of the contract; or

(b)terminated, by mutual consent of the parties, and the money is refunded to the proper party.

(3)Any interest accrued by money in a trust must be held in t

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37-19-827 . Contract for prearranged funeral plan or related services -- trust requirement -- interest -- exception. (1) Prearranged funeral or related services may be presented, negotiated, and sold to the public only by a licensed mortician.
(2) Except as provided in subsection (5), all money paid pursuant to a contract for a prearranged funeral or related services must be held in trust for the purposes for which the money was furnished until the obligations of a mortuary, a branch establishment, a crematory, a cemetery firm, or a mausoleum-columbarium corporation have been:
(a) fulfilled according to the terms of the contract; or
(b) terminated, by mutual consent of the parties, and the money is refunded to the proper party.
(3) Any interest accrued by money in a trust must be held in the trust and is subject to the terms of the trust agreement and the rules of the board.
(4) The board may require a mortuary, a branch establishment, or a crematory to provide an accounting or audit of the funds held in trust.
(5) Money paid for the purchase of a lot, grave space, mausoleum, crypt, niche, or burial right or part of a lot or grave space is not subject to the trust requirements of this section if title passes to the purchaser at the time that the payment is made.

Montana § 37-19-827 (Contract For Prearranged Funeral Plan Or Related Services -- Trust Requirement -- Interest -- Exception) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.