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Code · Virginia · Title 54.1 · Chapter 23.1

Code of Virginia § 54.1-2337. Transfer of trust funds to another trustee.

113 words·~1 min read·/va/title-54-1/chapter-23-1/54-1-2337·

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The seller may, upon notification in writing to the trustee, and upon such other terms and conditions as the agreement between them may specify, transfer its account funds to another trustee qualified under the provisions of this chapter. The trustee may, upon notification in writing to the seller, and upon such other terms and conditions as the agreement between them may specify, transfer the trust funds to another trustee qualified under the provisions of this chapter. No seller's account funds or trustee's trust funds may be transferred to another trustee unless the seller provides written notice at least five days prior to such transfer to the Board.
1998, cc. 708 , 721 .
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