                                 CODE OF VIRGINIA

TRANSFER OF TRUST FUNDS TO ANOTHER TRUSTEE (§ 54.1-2337)

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&#8217;s account funds or trustee&#8217;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: 1998, cc. 708, 721.