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Code of Virginia · § 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.

History and annotations

1998, cc. 708, 721.

Official source for this version

Source captured 2026-09-25. Open the official source.

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