Virginia Decodedhttps://vacode.org7013754.1-2337Transfer of trust funds to another trustee2025Professions and OccupationsProfessions and Occupations Regulated by the Department of Professional and Occupational Regulation and Boards Within the DepartmentCemetery Operators, Perpetual Care Trust Funds and Preneed Burial Contracts

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.

1998, cc. 708, 721.