{"data":{"id":"us-md/md.-code-business-regulation-5-712","jurisdiction":"us-md","citation":"Md. Code, Business Regulation § 5–712","heading":"","body":"(a) A seller may not fail to deposit, as required by this subtitle, money received under or in connection with a preneed burial contract.\n(b) (1) Except as otherwise provided in subsection (c) of this section, a person who violates this section is guilty of a misdemeanor and, on conviction, is subject to:\n(i) for a first violation, a fine not exceeding $10,000 or imprisonment not exceeding 1 year or both;\n(ii) for a second violation, a fine not exceeding $15,000 or imprisonment not exceeding 2 years or both; and\n(iii) for a third or subsequent violation, a fine not exceeding $20,000 or imprisonment not exceeding 3 years or both.\n(2) Except as otherwise provided in subsection (c) of this section, if a corporation violates this section, each officer responsible for the violation is guilty of a misdemeanor and, on conviction, is subject to:\n(i) for a first violation, a fine not exceeding $10,000 or imprisonment not exceeding 1 year or both;\n(ii) for a second violation, a fine not exceeding $15,000 or imprisonment not exceeding 2 years or both; and\n(iii) for a third or subsequent violation, a fine not exceeding $20,000 or imprisonment not exceeding 3 years or both.\n(c) A person who willfully misappropriates or intentionally and fraudulently converts preneed trust funds in excess of $100 to that person’s own use is guilty of a felony and, on conviction, is subject to a fine not exceeding $25,000 or imprisonment not exceeding 10 years or both.","path":["Article - Business Regulation"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gbr\u0026section=5-712","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:56:23Z","sha256":"cb2b31671afaf7b5df95612e9b34787754a416c2c86b5d6fc1f46b9576652f12","source_id":"us-md","stale":false,"prev":"us-md/md.-code-business-regulation-5-711","next":"us-md/md.-code-business-regulation-5-801"},"notice":"GroundRules: Original legal text. Not legal advice."}