Code of Virginia - Title 54.1 Professions And Occupations - Section 54.1-2319 Deposit in perpetual care trust fund required upon sale of graves, etc
Legal Research Home >
Virginia Lawyer
§ 54.1-2319. Deposit in perpetual care trust fund required upon sale of graves, etc
Each cemetery company shall deposit a minimum of ten percent of the receipts
from the sale of graves and above-ground crypts and niches, excluding
below-ground burial vaults, in cash in the perpetual care trust fund within
thirty days after the close of the month in which such receipts are paid to
it. If the purchaser's payment is made on an installment or deferred payment
basis, the cemetery company shall have the option of paying ten percent of
the amount of principal in each payment received into the perpetual care
trust fund. If the cemetery company provides a grave or an above-ground crypt
or niche without compensation, ten percent of the retail sales price shall be
deposited within thirty days after the close of the month in which the
property is provided to the consumer.
(1998, cc. 708, 721; 2000, c. 36.)
Sections: 54.1-2313 54.1-2313.1 54.1-2314 54.1-2315 54.1-2316 54.1-2317 54.1-2318 54.1-2319 54.1-2320 54.1-2321 54.1-2322 54.1-2323 54.1-2324 54.1-2325 54.1-2326
Last modified: April 3, 2009
|
