                                 CODE OF VIRGINIA

DEPOSIT IN PERPETUAL CARE TRUST FUND REQUIRED UPON SALE OF GRAVES, ETC (§
54.1-2319)

Each cemetery company shall deposit a minimum of ten percent of the receipts
from the sale of graves and above-ground crypts and niches, excluding
below-ground burial vaults, in cash in the perpetual care trust fund within
thirty days after the close of the month in which such receipts are paid to it.
If the purchaser&#8217;s payment is made on an installment or deferred payment
basis, the cemetery company shall have the option of paying ten percent of the
amount of principal in each payment received into the perpetual care trust fund.
If the cemetery company provides a grave or an above-ground crypt or niche
without compensation, ten percent of the retail sales price shall be deposited
within thirty days after the close of the month in which the property is
provided to the consumer.

HISTORY: 1998, cc. 708, 721; 2000, c. 36.