24.147.1506 PRENEED AGREEMENTS – NOTIFICATION OF CLOSURE OR CHANGE OF OWNERSHIP – MORTUARY, BRANCH ESTABLISHMENT, OR CREMATORY
(1) When there is a closure of a mortuary, branch establishment, or crematory, in addition to the requirements in ARM 24.147.407, the owner must:
(a) notify all preneed funeral arrangement purchasers prior to closure or change of ownership; and
(b) within 30 days of the closure, notify the board that the purchasers have been notified of the closure.
(2) When there is change of ownership of a mortuary, branch establishment, or crematory, the following must occur within 30 days of the change of ownership:
(a) the previous owner must notify the board that the new owner has been informed of all existing preneed agreements and monies held in trust; and
(b) the new owner must:
(i) notify all preneed funeral arrangement purchasers of the change of ownership; and
(ii) notify the board that all purchasers have been notified of the change of ownership.
History: 37-1-131, 37-19-202, 37-19-807, MCA; IMP, 37-1-131, 37-19-402, 37-19-403, 37-19-703, 37-19-807, 37-19-823, 37-19-827, 37-19-828, MCA; NEW, 2020 MAR p. 670, Eff. 4/18/20.