Any trust officer or trust institution that releases trust funds for funeral services or merchandise in a manner contrary with the provisions of this article shall be liable for the same. Furthermore, any trustee or trust institution that engages in fraud, deceit, misrepresentation, or misappropriation of trust funds to the detriment of a contract provider or a contract insured shall be liable for the same.
Structure Mississippi Code
Title 75 - Regulation of Trade, Commerce and Investments
Chapter 63 - Sales of Cemetery Merchandise and Funeral Services
Article 3 - Preneed Cemetery and Funeral Registration
§ 75-63-57. Record-keeping requirements
§ 75-63-59. Requirements for contract funded by trust
§ 75-63-63. Preneed contracts to be portable; who may name a substitute provider
§ 75-63-70. Joint and several liability of preneed operator's managers, officers, directors, etc.
§ 75-63-75. Article does not constitute authorization for unlicensed persons to sell life insurance