{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-4011.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-4011.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-4011.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-4011.html"}],"law_id":66599,"edition_id":1,"section_id":66599,"structure_id":15749,"section_number":"38.2-4011","catch_line":"Maintenance of reserve for an emergency fund","history":"Code 1950, \u00a7 38-462; 1952, c. 317, \u00a7 38.1-535; 1986, c. 562.","full_text":"When the reserve for an emergency fund accumulated in accordance with the provisions of \u00a7 38.2-4010 equals the maximum amount provided in subsection B of that section, it shall be maintained at not less than that amount. However, no burial society shall be required, in any one year, to set aside more than five percent of its net receipts from premiums, dues or assessments from certificates of life insurance, other than certificates issued on a legal reserve basis.","order_by":null,"text":{"0":{"id":241660,"text":"When the reserve for an emergency fund accumulated in accordance with the provisions of \u00a7 38.2-4010 equals the maximum amount provided in subsection B of that section, it shall be maintained at not less than that amount. However, no burial society shall be required, in any one year, to set aside more than five percent of its net receipts from premiums, dues or assessments from certificates of life insurance, other than certificates issued on a legal reserve basis.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":15749,"edition_id":1,"name":"Burial Societies","identifier":"40","label":"chapter","depth":2,"order_by":1,"parent_id":12698,"metadata":{},"date_created":"2026-06-26 03:58:53","date_modified":"2026-06-26 03:58:53","permalink":{"id":216397,"object_type":"structure","relational_id":15749,"identifier":"40","token":"38.2\/40","url":"\/38.2\/40\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12698,"edition_id":1,"name":"Insurance","identifier":"38.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":210661,"object_type":"structure","relational_id":12698,"identifier":"38.2","token":"38.2","url":"\/38.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":65613,"structure_id":15749,"section_number":"38.2-4000","catch_line":"Societies to which chapter applies","url":"\/38.2-4000\/","token":"38.2\/40\/38.2-4000","metadata":false},{"id":65619,"structure_id":15749,"section_number":"38.2-4001","catch_line":"Society may be incorporated","url":"\/38.2-4001\/","token":"38.2\/40\/38.2-4001","metadata":false},{"id":87377,"structure_id":15749,"section_number":"38.2-4002","catch_line":"Continuation of existing societies","url":"\/38.2-4002\/","token":"38.2\/40\/38.2-4002","metadata":false},{"id":60519,"structure_id":15749,"section_number":"38.2-4003","catch_line":"Licensing of additional societies prohibited","url":"\/38.2-4003\/","token":"38.2\/40\/38.2-4003","metadata":false},{"id":70192,"structure_id":15749,"section_number":"38.2-4004","catch_line":"What laws applicable","url":"\/38.2-4004\/","token":"38.2\/40\/38.2-4004","metadata":false},{"id":68582,"structure_id":15749,"section_number":"38.2-4005","catch_line":"License may be renewed annually","url":"\/38.2-4005\/","token":"38.2\/40\/38.2-4005","metadata":false},{"id":87130,"structure_id":15749,"section_number":"38.2-4006","catch_line":"Annual meeting","url":"\/38.2-4006\/","token":"38.2\/40\/38.2-4006","metadata":false},{"id":84295,"structure_id":15749,"section_number":"38.2-4007","catch_line":"Adoption of bylaws","url":"\/38.2-4007\/","token":"38.2\/40\/38.2-4007","metadata":false},{"id":85526,"structure_id":15749,"section_number":"38.2-4008","catch_line":"Fidelity bond required","url":"\/38.2-4008\/","token":"38.2\/40\/38.2-4008","metadata":false},{"id":83967,"structure_id":15749,"section_number":"38.2-4009","catch_line":"Inspection of books and papers","url":"\/38.2-4009\/","token":"38.2\/40\/38.2-4009","metadata":false},{"id":68003,"structure_id":15749,"section_number":"38.2-4010","catch_line":"Accumulation of reserve for an emergency fund","url":"\/38.2-4010\/","token":"38.2\/40\/38.2-4010","metadata":false},{"id":66599,"structure_id":15749,"section_number":"38.2-4011","catch_line":"Maintenance of reserve for an emergency fund","url":"\/38.2-4011\/","token":"38.2\/40\/38.2-4011","metadata":false},{"id":84318,"structure_id":15749,"section_number":"38.2-4012","catch_line":"Disposition of reserve for an emergency fund; discontinuance of business; receiver","url":"\/38.2-4012\/","token":"38.2\/40\/38.2-4012","metadata":false},{"id":67686,"structure_id":15749,"section_number":"38.2-4013","catch_line":"Certificates of membership","url":"\/38.2-4013\/","token":"38.2\/40\/38.2-4013","metadata":false},{"id":68126,"structure_id":15749,"section_number":"38.2-4014","catch_line":"Required grace period","url":"\/38.2-4014\/","token":"38.2\/40\/38.2-4014","metadata":false},{"id":71208,"structure_id":15749,"section_number":"38.2-4015","catch_line":"Certificate to specify amount of payment and when to be paid","url":"\/38.2-4015\/","token":"38.2\/40\/38.2-4015","metadata":false},{"id":68736,"structure_id":15749,"section_number":"38.2-4016","catch_line":"Payments become liens on society's property","url":"\/38.2-4016\/","token":"38.2\/40\/38.2-4016","metadata":false},{"id":73409,"structure_id":15749,"section_number":"38.2-4017","catch_line":"Notice of assessment","url":"\/38.2-4017\/","token":"38.2\/40\/38.2-4017","metadata":false},{"id":65416,"structure_id":15749,"section_number":"38.2-4018","catch_line":"Liability on officers and directors for failing to levy assessments","url":"\/38.2-4018\/","token":"38.2\/40\/38.2-4018","metadata":false},{"id":70270,"structure_id":15749,"section_number":"38.2-4019","catch_line":"Beneficiaries","url":"\/38.2-4019\/","token":"38.2\/40\/38.2-4019","metadata":false},{"id":78842,"structure_id":15749,"section_number":"38.2-4020","catch_line":"When certificate invalid","url":"\/38.2-4020\/","token":"38.2\/40\/38.2-4020","metadata":false},{"id":68230,"structure_id":15749,"section_number":"38.2-4021","catch_line":"Interest in benefits; assignability; liability to attachment, etc","url":"\/38.2-4021\/","token":"38.2\/40\/38.2-4021","metadata":false},{"id":63812,"structure_id":15749,"section_number":"38.2-4022","catch_line":"Certain contracts with undertakers, etc., forbidden","url":"\/38.2-4022\/","token":"38.2\/40\/38.2-4022","metadata":false}],"previous_section":{"id":68003,"structure_id":15749,"section_number":"38.2-4010","catch_line":"Accumulation of reserve for an emergency fund","url":"\/38.2-4010\/","token":"38.2\/40\/38.2-4010","metadata":false},"next_section":{"id":84318,"structure_id":15749,"section_number":"38.2-4012","catch_line":"Disposition of reserve for an emergency fund; discontinuance of business; receiver","url":"\/38.2-4012\/","token":"38.2\/40\/38.2-4012","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-4011\/","history_text":"<p>The record of this law\u2019s original creation isn\u2019t available online. It has been modified 2 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1952, chapter 317; in 1986, chapter 562.<\/p>","references":false,"refers_to":[{"id":68003,"section_number":"38.2-4010","catch_line":"Accumulation of reserve for an emergency fund","order_by":null,"url":"\/38.2-4010\/"}],"permalink":{"id":216443,"object_type":"law","relational_id":66599,"identifier":"38.2-4011","token":"38.2\/40\/38.2-4011","url":"\/38.2-4011\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-4011\/","token":"38.2\/40\/38.2-4011","dublin_core":{"Title":"Maintenance of reserve for an emergency fund","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-4011","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>When the reserve for an emergency fund accumulated in accordance with the provisions of \u00a7&nbsp;<a class=\"law\" title=\"Accumulation of reserve for an emergency fund\" href=\"\/38.2-4010\/\">38.2-4010<\/a> equals the maximum amount provided in subsection B of that section, it shall be maintained at not less than that amount. However, no burial society shall be required, in any one year, to set aside more than five percent of its net receipts from premiums, dues or assessments from certificates of life <span class=\"dictionary\">insurance<\/span>, other than certificates issued on a legal reserve basis.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nMAINTENANCE OF RESERVE FOR AN EMERGENCY FUND (\u00a7 38.2-4011)\n\nWhen the reserve for an emergency fund accumulated in accordance with the\nprovisions of \u00a7 38.2-4010 equals the maximum amount provided in subsection B of\nthat section, it shall be maintained at not less than that amount. However, no\nburial society shall be required, in any one year, to set aside more than five\npercent of its net receipts from premiums, dues or assessments from certificates\nof life insurance, other than certificates issued on a legal reserve basis.\n\nHISTORY: Code 1950, \u00a7 38-462; 1952, c. 317, \u00a7 38.1-535; 1986, c. 562.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}