(a) The terms of a trust to provide for perpetual care shall be designated in a written agreement between the registered cemeterian, permit holder, or any other person subject to the trust requirements of this subtitle and trustee. (b) The terms of the trust agreement: (1) shall conform to this subtitle; and (2) may include provisions about: (i) payment of income; (ii) accumulation of income; (iii) reinvestment of income; (iv) administration of the trust fund; and (v) powers of the trustee as to investments. (c) (1) A trust agreement shall be irrevocable. (2) However, a trust agreement may: (i) give the registered cemeterian, permit holder, or other person subject to the trust requirements of this subtitle the right to remove the trustee and appoint another qualified trustee; and (ii) provide for the appointment of individuals as cotrustees and successor cotrustees with a corporate trustee.
Maryland Legal Code