Code of Virginia - Title 54.1 Professions And Occupations - Section 54.1-2321 Recovery of original perpetual care trust fund deposit

§ 54.1-2321. Recovery of original perpetual care trust fund deposit

Once the cemetery company has deposited in the perpetual care trust fund a sum equal to twice the amount of the original deposit, exclusive of the original deposit, the trustee shall allow the cemetery company to recover its original deposit by withholding the money that would otherwise be required to be deposited in the perpetual care trust fund until the amount of the original deposit is recovered. Once the cemetery company has recovered an amount equal to its original deposit, deposits to the perpetual care trust fund shall be resumed.

(1998, cc. 708, 721.)

Sections:  Previous  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  54.1-2327  54.1-2328  Next

Last modified: April 3, 2009