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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>56252</law_id><section_number>54.1-2321</section_number><catch_line>Recovery of original perpetual care trust fund deposit</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>54.1-2342</reference></referred_to_by><structure><unit label="title" level="1" order_by="1" identifier="54.1">Professions and Occupations</unit><unit label="subtitle" level="2" order_by="1" identifier="II">Professions and Occupations Regulated by the Department of Professional and Occupational Regulation and Boards Within the Department</unit><unit label="chapter" level="3" order_by="1" identifier="23.1">Cemetery Operators, Perpetual Care Trust Funds and Preneed Burial Contracts</unit></structure><text>
						<section><p>Once the <span class="dictionary">cemetery company</span> has deposited in the <span class="dictionary">perpetual care trust fund</span> a sum equal to twice the amount of the original deposit, exclusive of the original deposit, the trustee shall allow the <span class="dictionary">cemetery company</span> to recover its original deposit by withholding the money that would otherwise be required to be deposited in the <span class="dictionary">perpetual care trust fund</span> until the amount of the original deposit is recovered. Once the <span class="dictionary">cemetery company</span> has recovered an amount equal to its original deposit, deposits to the <span class="dictionary">perpetual care trust fund</span> shall be resumed.</p></section></text><history>1998, cc. 708, 721.</history><metadata></metadata></law>
