02-331 C.M.R. ch. 16, § 8 - Sale or Transfer of Funeral Home
Upon the sale or transfer of a funeral home, whether voluntary or involuntary, and except as otherwise ordered by a court of competent jurisdiction, the new owner-
1. Shall automatically be substituted as
trustee of all existing mortuary trusts of which the former owner is trustee;
and
2. Shall assume the former
owner's obligation to perform all existing preneed contracts for funeral goods
and services to which the former owner is a party.
Notes
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