Preneed trust fund definition

Preneed trust fund means those moneys held in accordance with § 54.1-2325 of the Code of Virginia.
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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.
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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.
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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.


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 related assets. 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. Any capitalized terms used and not defined in this Agreement shall have the meanings ascribed to such terms in the Trust Agreement.

  • Trust Funds means any cash comprised of (i) funds specifically and exclusively used for payroll Taxes, payroll and other employee benefit payments to or for the benefit of any Loan Party’s or its Subsidiaries’ employees, (ii) all Taxes required to be collected, remitted or withheld (including, without limitation, federal and state withholding taxes (including the employer’s share thereof) and (iii) any other funds (A) which any Loan Party holds on behalf of another Person and (B) which such Loan Party holds as an escrow or fiduciary for such Person.

  • Master Trust means Citibank Credit Card Master Trust I.