Sec. 712.001. DEFINITIONS. (a) The definitions provided by Section 711.001 apply to this chapter. (b) In this chapter: (1) "Banking department" or "department" means the Banking Department of Texas. (2) "Commissioner" means the Banking Commissioner of Texas. (3) "Corporation" means a filing entity or foreign filing entity, as those terms are defined by Section 1.002 , Business Organizations Code, or an entity that is organized under this chapter, or any corresponding statute in effect before September 1, 1993, to operate one or more perpetual care cemeteries in this state. (4) "Fund" means a perpetual care trust fund established by one or more corporations under this chapter or any corresponding statute in effect before September 1, 1993. (4-a) "Preconstruction trust" means a trust established by a corporation under this chapter for the purpose of administering proceeds from sales of undeveloped mausoleum spaces. (4-b) "Preconstruction trustee" means the trustee of a preconstruction trust. (5) "Trustee" means the trustee of a cemetery perpetual care trust fund. (6) "Undeveloped mausoleum space" means a crypt or niche in a mausoleum or mausoleum section that is designed to contain at least 10 crypt or niche interments and that is not ready for the interment of human remains or cremated remains on the date an interment right pertaining to the mausoleum space is sold. The term does not include a private mausoleum or mausoleum section in which all mausoleum spaces are intended to be sold under a single contract.
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