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§ 54.1-2337 Transfer of trust funds to another trustee

The seller may, upon notification in writing to the trustee, and upon such other terms and conditions as the agreement between them may specify, transfer its account funds to another trustee qualified under the provisions of this chapter. The trustee may, upon notification in writing to the seller, and upon such other terms and conditions as the agreement between them may specify, transfer the trust funds to another trustee qualified under the provisions of this chapter. No seller’s account funds or trustee’s trust funds may be transferred to another trustee unless the seller provides written notice at least five days prior to such transfer to the Board.

History

This law was first created in 1998. The record of its establishment is cataloged in chapters 708 and 721 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year.

1998, cc. 708, 721.

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