{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/54.1-2318.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/54.1-2318.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/54.1-2318.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/54.1-2318.html"}],"law_id":368117,"edition_id":2,"section_id":368117,"structure_id":52473,"section_number":"54.1-2318","catch_line":"Application of Part A (\u00a7 64.2-1200 et seq.) of Subtitle IV of Title 64.2","history":"1998, cc. 708, 721.","full_text":"Trustees appointed pursuant to this chapter shall be governed in their investment of trust funds by \u00a7 2.2-4519 and \u00a7\u00a7 64.2-1502 through 64.2-1506, except as otherwise provided in this chapter.\n\n","order_by":null,"text":{"0":{"id":1370327,"text":"Trustees appointed pursuant to this chapter shall be governed in their investment of trust funds by \u00a7 2.2-4519 and \u00a7\u00a7 64.2-1502 through 64.2-1506, except as otherwise provided in this chapter.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":52473,"edition_id":2,"name":"Cemetery Operators, Perpetual Care Trust Funds and Preneed Burial Contracts","identifier":"23.1","label":"chapter","depth":3,"order_by":28,"parent_id":52439,"metadata":{"child_laws":37,"child_structures":0},"date_created":"2026-08-02 02:59:17","date_modified":"2026-08-02 12:34:59","permalink":{"id":1467257,"object_type":"structure","relational_id":52473,"identifier":"23.1","token":"54.1\/II\/23.1","url":"\/54.1\/II\/23.1\/","edition_id":2,"permalink":0,"preferred":1}},{"id":52439,"edition_id":2,"name":"Professions and Occupations Regulated by the Department of Professional and Occupational Regulation and Boards Within the Department","identifier":"II","label":"subtitle","depth":2,"order_by":2,"parent_id":52436,"metadata":{"child_laws":392,"child_structures":60},"date_created":"2026-08-02 02:58:52","date_modified":"2026-08-02 12:34:52","permalink":{"id":1466417,"object_type":"structure","relational_id":52439,"identifier":"II","token":"54.1\/II","url":"\/54.1\/II\/","edition_id":2,"permalink":0,"preferred":1}},{"id":52436,"edition_id":2,"name":"Professions and Occupations","identifier":"54.1","label":"title","depth":1,"order_by":118,"parent_id":null,"metadata":{"child_laws":1282,"child_structures":163},"date_created":"2026-08-02 02:58:52","date_modified":"2026-08-02 12:34:51","permalink":{"id":1466315,"object_type":"structure","relational_id":52436,"identifier":"54.1","token":"54.1","url":"\/54.1\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":368105,"structure_id":52473,"section_number":"54.1-2310","catch_line":"Definitions","url":"\/54.1-2310\/","token":"54.1\/II\/23.1\/54.1-2310","metadata":false},{"id":368106,"structure_id":52473,"section_number":"54.1-2311","catch_line":"Cemetery operators required to be licensed by the Board","url":"\/54.1-2311\/","token":"54.1\/II\/23.1\/54.1-2311","metadata":false},{"id":368110,"structure_id":52473,"section_number":"54.1-2312","catch_line":"Exemptions","url":"\/54.1-2312\/","token":"54.1\/II\/23.1\/54.1-2312","metadata":false},{"id":368107,"structure_id":52473,"section_number":"54.1-2312.01","catch_line":"Special interments; definitions; regulations by Board","url":"\/54.1-2312.01\/","token":"54.1\/II\/23.1\/54.1-2312.01","metadata":false},{"id":368108,"structure_id":52473,"section_number":"54.1-2312.1","catch_line":"Resale of interment right; conditions for resale transaction; contents of transfer form; approval by cemetery company","url":"\/54.1-2312.1\/","token":"54.1\/II\/23.1\/54.1-2312.1","metadata":false},{"id":368109,"structure_id":52473,"section_number":"54.1-2312.2","catch_line":"Resale of interment right by certain churches and religious organizations","url":"\/54.1-2312.2\/","token":"54.1\/II\/23.1\/54.1-2312.2","metadata":false},{"id":368112,"structure_id":52473,"section_number":"54.1-2313","catch_line":"Board; appointment; terms; vacancies; meetings; quorum; other powers; regulations","url":"\/54.1-2313\/","token":"54.1\/II\/23.1\/54.1-2313","metadata":false},{"id":368111,"structure_id":52473,"section_number":"54.1-2313.1","catch_line":"Protection of preneed burial and perpetual care trust funds; operation of cemetery company; appointment of receiver","url":"\/54.1-2313.1\/","token":"54.1\/II\/23.1\/54.1-2313.1","metadata":false},{"id":368113,"structure_id":52473,"section_number":"54.1-2314","catch_line":"Refusal, suspension or revocation of license or registration","url":"\/54.1-2314\/","token":"54.1\/II\/23.1\/54.1-2314","metadata":false},{"id":368114,"structure_id":52473,"section_number":"54.1-2315","catch_line":"Other prohibited activities","url":"\/54.1-2315\/","token":"54.1\/II\/23.1\/54.1-2315","metadata":false},{"id":368115,"structure_id":52473,"section_number":"54.1-2316","catch_line":"Certain representations unlawful; perpetual care trust fund required","url":"\/54.1-2316\/","token":"54.1\/II\/23.1\/54.1-2316","metadata":false},{"id":368116,"structure_id":52473,"section_number":"54.1-2317","catch_line":"Who may serve as trustee of perpetual care trust fund","url":"\/54.1-2317\/","token":"54.1\/II\/23.1\/54.1-2317","metadata":false},{"id":368117,"structure_id":52473,"section_number":"54.1-2318","catch_line":"Application of Part A (\u00a7 64.2-1200 et seq.) of Subtitle IV of Title 64.2","url":"\/54.1-2318\/","token":"54.1\/II\/23.1\/54.1-2318","metadata":false},{"id":368118,"structure_id":52473,"section_number":"54.1-2319","catch_line":"Deposit in perpetual care trust fund required upon sale of graves, etc","url":"\/54.1-2319\/","token":"54.1\/II\/23.1\/54.1-2319","metadata":false},{"id":368119,"structure_id":52473,"section_number":"54.1-2320","catch_line":"Additional deposit not required upon subsequent sale of same grave, crypt or niche","url":"\/54.1-2320\/","token":"54.1\/II\/23.1\/54.1-2320","metadata":false},{"id":368120,"structure_id":52473,"section_number":"54.1-2321","catch_line":"Recovery of original perpetual care trust fund deposit","url":"\/54.1-2321\/","token":"54.1\/II\/23.1\/54.1-2321","metadata":false},{"id":368121,"structure_id":52473,"section_number":"54.1-2322","catch_line":"Use of income from perpetual care trust fund; distributions","url":"\/54.1-2322\/","token":"54.1\/II\/23.1\/54.1-2322","metadata":false},{"id":368122,"structure_id":52473,"section_number":"54.1-2323","catch_line":"Financial records required","url":"\/54.1-2323\/","token":"54.1\/II\/23.1\/54.1-2323","metadata":false},{"id":368123,"structure_id":52473,"section_number":"54.1-2324","catch_line":"Financial report and report of independent certified public accountant required for perpetual care trust funds","url":"\/54.1-2324\/","token":"54.1\/II\/23.1\/54.1-2324","metadata":{"court_decisions":""}},{"id":368124,"structure_id":52473,"section_number":"54.1-2325","catch_line":"Deposit in preneed trust required upon sale of property or services not to be delivered within 120 days","url":"\/54.1-2325\/","token":"54.1\/II\/23.1\/54.1-2325","metadata":false},{"id":368125,"structure_id":52473,"section_number":"54.1-2326","catch_line":"Who may serve as trustee of preneed trust fund","url":"\/54.1-2326\/","token":"54.1\/II\/23.1\/54.1-2326","metadata":false},{"id":368126,"structure_id":52473,"section_number":"54.1-2327","catch_line":"Itemized statement and general price list of burial fees to be furnished; solicitations prohibited","url":"\/54.1-2327\/","token":"54.1\/II\/23.1\/54.1-2327","metadata":false},{"id":368127,"structure_id":52473,"section_number":"54.1-2328","catch_line":"Requirements of preneed burial contracts","url":"\/54.1-2328\/","token":"54.1\/II\/23.1\/54.1-2328","metadata":false},{"id":368128,"structure_id":52473,"section_number":"54.1-2329","catch_line":"Identification of specific funds","url":"\/54.1-2329\/","token":"54.1\/II\/23.1\/54.1-2329","metadata":false},{"id":368129,"structure_id":52473,"section_number":"54.1-2330","catch_line":"Specific funds and income to remain in preneed trust account; exception","url":"\/54.1-2330\/","token":"54.1\/II\/23.1\/54.1-2330","metadata":false},{"id":368130,"structure_id":52473,"section_number":"54.1-2331","catch_line":"Disbursement of trust funds upon performance of contract","url":"\/54.1-2331\/","token":"54.1\/II\/23.1\/54.1-2331","metadata":false},{"id":368131,"structure_id":52473,"section_number":"54.1-2332","catch_line":"Seller required to keep records","url":"\/54.1-2332\/","token":"54.1\/II\/23.1\/54.1-2332","metadata":false},{"id":368132,"structure_id":52473,"section_number":"54.1-2333","catch_line":"Financial report and report of independent certified public accountant required for preneed trust accounts","url":"\/54.1-2333\/","token":"54.1\/II\/23.1\/54.1-2333","metadata":{"court_decisions":""}},{"id":368133,"structure_id":52473,"section_number":"54.1-2334","catch_line":"Inclusion of property and services to be delivered within 120 days","url":"\/54.1-2334\/","token":"54.1\/II\/23.1\/54.1-2334","metadata":false},{"id":368134,"structure_id":52473,"section_number":"54.1-2335","catch_line":"Breach of contract by seller; trust to be single purpose trust","url":"\/54.1-2335\/","token":"54.1\/II\/23.1\/54.1-2335","metadata":false},{"id":368135,"structure_id":52473,"section_number":"54.1-2336","catch_line":"Trustee may rely on certifications and affidavits","url":"\/54.1-2336\/","token":"54.1\/II\/23.1\/54.1-2336","metadata":false},{"id":368136,"structure_id":52473,"section_number":"54.1-2337","catch_line":"Transfer of trust funds to another trustee","url":"\/54.1-2337\/","token":"54.1\/II\/23.1\/54.1-2337","metadata":false},{"id":368137,"structure_id":52473,"section_number":"54.1-2338","catch_line":"Use of trustee's name in advertisements","url":"\/54.1-2338\/","token":"54.1\/II\/23.1\/54.1-2338","metadata":false},{"id":368138,"structure_id":52473,"section_number":"54.1-2339","catch_line":"Construction and development of mausoleums and garden crypts","url":"\/54.1-2339\/","token":"54.1\/II\/23.1\/54.1-2339","metadata":false},{"id":368139,"structure_id":52473,"section_number":"54.1-2340","catch_line":"Waiver of chapter void","url":"\/54.1-2340\/","token":"54.1\/II\/23.1\/54.1-2340","metadata":false},{"id":368140,"structure_id":52473,"section_number":"54.1-2341","catch_line":"Exemption from levy, garnishment and distress","url":"\/54.1-2341\/","token":"54.1\/II\/23.1\/54.1-2341","metadata":false},{"id":368141,"structure_id":52473,"section_number":"54.1-2342","catch_line":"Penalties","url":"\/54.1-2342\/","token":"54.1\/II\/23.1\/54.1-2342","metadata":false}],"previous_section":{"id":368116,"structure_id":52473,"section_number":"54.1-2317","catch_line":"Who may serve as trustee of perpetual care trust fund","url":"\/54.1-2317\/","token":"54.1\/II\/23.1\/54.1-2317","metadata":false},"next_section":{"id":368118,"structure_id":52473,"section_number":"54.1-2319","catch_line":"Deposit in perpetual care trust fund required upon sale of graves, etc","url":"\/54.1-2319\/","token":"54.1\/II\/23.1\/54.1-2319","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/54.1-2318\/","history_text":"<p>This law was first created in 1998. The record of its establishment is cataloged in chapters <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?981+ful+CHAP0708\">708<\/a> and <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?981+ful+CHAP0721\">721<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":false,"refers_to":[{"id":353286,"section_number":"2.2-4519","catch_line":"Investment of funds by the Virginia Housing Development Authority and the Virginia Resources Authority","order_by":null,"url":"\/2.2-4519\/"},{"id":375929,"section_number":"64.2-1502","catch_line":"In what securities fiduciaries may invest; definitions","order_by":null,"url":"\/64.2-1502\/"},{"id":375933,"section_number":"64.2-1506","catch_line":"Investment in mutual fund affiliated with fiduciary","order_by":null,"url":"\/64.2-1506\/"}],"permalink":{"id":1467307,"object_type":"law","relational_id":368117,"identifier":"54.1-2318","token":"54.1\/II\/23.1\/54.1-2318","url":"\/54.1-2318\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/54.1-2318\/","token":"54.1\/II\/23.1\/54.1-2318","dublin_core":{"Title":"Application of Part A (\u00a7 64.2-1200 et seq.) of Subtitle IV of Title 64.2","Type":"Text","Format":"text\/html","Identifier":"\u00a7 54.1-2318","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>Trustees appointed pursuant to this chapter shall be governed in their investment of trust funds by \u00a7&nbsp;<a class=\"law\" title=\"Investment of funds by the Virginia Housing Development Authority and the Virginia Resources Authority\" href=\"\/2.2-4519\/\">2.2-4519<\/a> and \u00a7\u00a7&nbsp;<a class=\"law\" title=\"In what securities fiduciaries may invest; definitions\" href=\"\/64.2-1502\/\">64.2-1502<\/a> through <a class=\"law\" title=\"Investment in mutual fund affiliated with fiduciary\" href=\"\/64.2-1506\/\">64.2-1506<\/a>, except as otherwise provided in this chapter.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nAPPLICATION OF PART A (\u00a7 64.2-1200 ET SEQ.) OF SUBTITLE IV OF TITLE 64.2 (\u00a7\n54.1-2318)\n\nTrustees appointed pursuant to this chapter shall be governed in their\ninvestment of trust funds by \u00a7 2.2-4519 and \u00a7\u00a7 64.2-1502 through 64.2-1506,\nexcept as otherwise provided in this chapter.\n\nHISTORY: 1998, cc. 708, 721.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}