SB 18-234

Senate Bill 18-234, which has been signed into law, restricts individuals from owning significant shares in both funeral homes or crematories and nontransplant tissue banks at the same time. It also requires these tissue banks to register with a state director, maintain records, and adhere to certain standards of practice. The registration requirement for these tissue banks will expire on September 1, 2024. This law aims to prevent conflicts of interest in the handling of human remains by separating ownership interests between funeral services and nontransplant tissue businesses.

Official Summary

The bill makes it unlawful under the 'Mortuary Science Code' for a person to own more than a 10% indirect interest in a funeral establishment or crematory while simultaneously owning interest in a nontransplant tissue bank. The bill requires nontransplant tissue banks to: Register with the director of the division of professions and occupations in the department of regulatory agencies; and Make disclosures, keep records and make them available to interested parties and the director, and maintain a standard of practice. The registration of nontransplant tissue banks sunsets on September 1, 2024. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.) , Read More

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