Deposit into Trust Sample Clauses

Deposit into Trust. The Buyer authorizes and directs the Funeral Home to deposit all monies received under this Contract (excepting only the administrative fee set forth in Section 4 below and the Attorney General’s fee) into the West Virginia Funeral Trust (the “WVFT”) established by the West Virginia Funeral Directors Association (“WVFDA”). The WVFT is a common trust fund established pursuant to the Act and which uses a state or federally-chartered insured bank, savings and loan, or credit union that is located in West Virginia as the trustee. WVFDA may change the trustee without the consent or prior notice to the Buyer or the Funeral Home.
Time is Money Join Law Insider Premium to draft better contracts faster.