Preneed trust fund definition

Preneed trust fund means those moneys held in accordance with § 54.1-2325 of the Code of Virginia.
Sample 1Sample 2Sample 3
Preneed trust fund means an account or other invest- ment in which a portion of the cemetery services and merchandise received under a preneed sales contract is deposited.
Sample 1Sample 2Sample 3
Preneed trust fund means an account or other invest- ment in which a portion of the proceeds received under a preneed sales contract is deposited.
Sample 1Sample 2Sample 3

Examples of Preneed trust fund in a sentence

  • Preneed trust fund trustees can be appointed or removed at any time by the purchaser of the preneed contract.

  • Cemetery BoardTRUSTEE APPROVAL APPLICATIONNo Fee RequiredCemetery company Perpetual Care or Preneed trust fund trustees that are not a Virginia trust company or trust subsidiary or a federally insured bank or savings institution doing business in the Commonwealth of Virginia, must be approved by the Cemetery Board prior to the transfer of funds.

  • Preneed trust fund and bonding requirements.A. Each licensed cemetery company shall establish a preneed trust fund and make deposits in accordance with § 54.1-2315 of the Code of Virginia.


More Definitions of Preneed trust fund

Preneed trust fund means those monies held in accordance with § 54.1-2325 of the
Sample 1Sample 2Sample 3
Preneed trust fund means an account or other investment in which a portion of the proceeds received under a preneed sales contract is deposited.
Sample 1

Related to Preneed trust fund

  • Trust Fund The trust fund established by the Trust Agreement, the assets of which consist of the Mortgage Loans and any other assets as set forth therein. Trustee: U.S. Bank National Association, or any successor in interest, or if any successor trustee or co-trustee shall be appointed as provided in the Trust Agreement, then such successor trustee or such co-trustee, as the case may be.

  • Trust Funds means, in the aggregate, all of the Funds and Accounts.

  • the Trust Fund means the Bond(s) referred to in the First Schedule to the Declaration of Trust and the property from time to time representing the same (and also includes any other property which may become Trust Property as a result of any loan to the Trustees or any addition by way of gift or any accumulation of income).

  • Servicer Account means any account established by Servicer in connection with the servicing of the Mortgage Loans.

  • Note A-1 Trust Fund means the trust formed pursuant to the Note A-1 PSA.

  • Blind Trust means an independently managed trust in which the employee-beneficiary has no management rights and in which the employee-beneficiary is not given notice of alterations in or other dispositions of the property subject to the trust.

  • Grantor Trust means a Trust other than a RIC.

  • Liquidating Trust Assets means the assets of a Debtor or Debtor-Controlled Entity to be transferred to a Liquidating Trust as may be determined by the Plan Administrator, which shall be described in a Liquidating Trust Agreement.

  • Master Trust means Citibank Credit Card Master Trust I.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • PFPC Trust means PFPC Trust Company or a subsidiary or affiliate of PFPC Trust Company.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Note A-4 Trust Fund means the trust formed pursuant to the Note A-4 PSA.

  • Note A-2 Trust Fund means the trust formed pursuant to the Note A-2 PSA.

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • Trust Assets means, with respect to the Appointments and to the extent held, deposited or invested by any Seller for the benefit of others (whether or not constituting all or a portion of the corpus of any trust) as collateral, trust assets or otherwise by the applicable Corporate Trust Contracts or any other applicable legal obligation, (a) all cash on hand or held in bank accounts (including the Deposits) or in money market funds, and (b) all shares, stock, bonds, debentures, notes, mortgages, guarantees, letters of credit, certificates of indebtedness, warrants, treasuries or other securities or financial instruments or property of any type or description.

  • Endowment fund means an institutional fund or part thereof that, under the terms of a gift instrument, is not wholly expendable by the institution on a current basis. The term does not include assets that an institution designates as an endowment fund for its own use.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Certificate Administrator Accounts As defined in Section 3.07(a) of this Agreement.

  • Plan Trust means the trust governed by the Plan.

  • Rabbi Trust means a “rabbi trust” or other similar arrangement established by the Borrower or any of its Subsidiaries to hold assets in connection with an employee benefit plan or arrangement.

  • Liquidating Trust means the liquidating trust maintained by the Trustee holding the Trust Assets of the Partnership, identified as the "PLM Equipment Growth Fund III Liquidating Trust"; also referred to herein as the "Trust."

  • Master Trust Trustee means the entity acting as trustee under the applicable Pooling and Servicing Agreement.

  • Contract Funds means the funds that have been appropriated, designated, encumbered, or otherwise made available for payment by the State under this Contract.

  • Custodial Accounts Each Custodial Account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Servicing Agreement with respect to the Mortgage Loans.

  • Retirement fund means the "Washington law enforcement