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.)