{"data":{"id":"us-va/18vac47-20-200","jurisdiction":"us-va","citation":"18VAC47-20-200","heading":"Perpetual care trust fund and bonding requirement","body":"A. Each licensed cemetery company must establish a perpetual care trust fund in accordance with § 54.1-2316 of the Code of Virginia.\n\nB. If the trustee for the perpetual care trust fund is not a Virginia trust company or trust subsidiary or a federally insured bank or savings institution doing business in the Commonwealth, the trustee must be approved by the board and must deposit a fidelity bond in accordance with § 54.1-2317 of the Code of Virginia.\n\nC. Deposits into the fund must be made in accordance with §§ 54.1-2319 through 54.1-2321 of the Code of Virginia.\n\nD. The income from the perpetual care trust fund must be used in accordance with § 54.1-2322 of the Code of Virginia.\n\nE. Each licensed cemetery company must submit written financial reports regarding perpetual care trust funds to the board as prescribed by §§ 54.1-2323 and 54.1-2324 of the Code of Virginia.\n\nF. Transfer of funds to another trustee must be done in accordance with § 54.1-2337 of the Code of Virginia.","path":["Title 18. Professional And Occupational Licensing","Agency 47. Cemetery Board","Chapter 20. Cemetery Board Rules and Regulations","Part IV. Standards of Practice and Conduct"],"source_url":"https://law.lis.virginia.gov/admincode/title18/agency47/chapter20/section200/","current_through":"2026 Regular Session (effective July 1, 2026)","vintage":"","retrieved_at":"2026-09-14T04:52:30Z","sha256":"386aa9151c231af87fca21ec5cfdf8e7d5e4eba39225c5d5ce4609c3a46d09fd","source_id":"us-va-vac","stale":false,"prev":"us-va/18vac47-20-190","next":"us-va/18vac47-20-210"},"notice":"GroundRules: Original legal text. Not legal advice."}