(a) Lot or crypt for burial purposes only.- Each burial lot and each crypt sold or conveyed in a cemetery shall be held by the owner only for the purpose of burial.
(b) Held for burial of owner or others.- The interest of an owner of a burial lot or crypt that is held for the burial of the owner or others and not held as an investment is not:
(1) considered property;
(2) subject to attachment or execution for debt;
(3) subject to the insolvency laws of the State;
(4) to be inventoried in the estate of the owner; or
(5) subject to inheritance taxes.
(c) Held for investment.- The interest of an owner of a burial lot or crypt that is held as an investment and not held for the burial of the owner or others is:
(1) considered personal property;
(2) subject to attachment or execution for debt;
(3) subject to the insolvency laws of the State;
(4) to be inventoried in the estate of the owner; and
(5) subject to inheritance taxes.
(d) Disposal by owner of burial lot or crypt.- Subject to the rules of the cemetery owner and to the terms of any contract made with the cemetery owner, the interest of an owner of a burial lot or crypt:
(1) may be disposed of during the lifetime of the owner of the burial lot or crypt with the consent of the cemetery owner;
(2) may be disposed of by specific reference in the will of the owner; and
(3) otherwise passes to the heirs of the owner, as defined in § 1-101 of the Estates and Trusts Article.
(a) Lot or crypt for burial purposes only.- Each burial lot and each crypt sold or conveyed in a cemetery shall be held by the owner only for the purpose of burial.
(b) Held for burial of owner or others.- The interest of an owner of a burial lot or crypt that is held for the burial of the owner or others and not held as an investment is not:
(1) considered property;
(2) subject to attachment or execution for debt;
(3) subject to the insolvency laws of the State;
(4) to be inventoried in the estate of the owner; or
(5) subject to inheritance taxes.
(c) Held for investment.- The interest of an owner of a burial lot or crypt that is held as an investment and not held for the burial of the owner or others is:
(1) considered personal property;
(2) subject to attachment or execution for debt;
(3) subject to the insolvency laws of the State;
(4) to be inventoried in the estate of the owner; and
(5) subject to inheritance taxes.
(d) Disposal by owner of burial lot or crypt.- Subject to the rules of the cemetery owner and to the terms of any contract made with the cemetery owner, the interest of an owner of a burial lot or crypt:
(1) may be disposed of during the lifetime of the owner of the burial lot or crypt with the consent of the cemetery owner;
(2) may be disposed of by specific reference in the will of the owner; and
(3) otherwise passes to the heirs of the owner, as defined in § 1-101 of the Estates and Trusts Article.
(a) Lot or crypt for burial purposes only.- Each burial lot and each crypt sold or conveyed in a cemetery shall be held by the owner only for the purpose of burial.
(b) Held for burial of owner or others.- The interest of an owner of a burial lot or crypt that is held for the burial of the owner or others and not held as an investment is not:
(1) considered property;
(2) subject to attachment or execution for debt;
(3) subject to the insolvency laws of the State;
(4) to be inventoried in the estate of the owner; or
(5) subject to inheritance taxes.
(c) Held for investment.- The interest of an owner of a burial lot or crypt that is held as an investment and not held for the burial of the owner or others is:
(1) considered personal property;
(2) subject to attachment or execution for debt;
(3) subject to the insolvency laws of the State;
(4) to be inventoried in the estate of the owner; and
(5) subject to inheritance taxes.
(d) Disposal by owner of burial lot or crypt.- Subject to the rules of the cemetery owner and to the terms of any contract made with the cemetery owner, the interest of an owner of a burial lot or crypt:
(1) may be disposed of during the lifetime of the owner of the burial lot or crypt with the consent of the cemetery owner;
(2) may be disposed of by specific reference in the will of the owner; and
(3) otherwise passes to the heirs of the owner, as defined in § 1-101 of the Estates and Trusts Article.
