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

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

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

(1998, cc. 708, 721.)