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, in the aggregate, all of the Funds and Accounts.

  • 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.

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

  • 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.

  • 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.

  • Owner Trust Estate means all right, title and interest of the Trust in and to the property and rights assigned to the Trust pursuant to Article II of the Sale and Servicing Agreement, all funds on deposit from time to time in the Trust Accounts and all other property of the Trust from time to time, including any rights of the Trust pursuant to the Sale and Servicing Agreement.

  • 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."

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