W. Va. Code R. § 110-36-15
Transfer of Trust Funds to Another Trustee
15.1. 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 qualified trustee. 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 qualified trustee.
15.2. Notwithstanding any terms or conditions of any agreement between the seller and the trustee to the contrary, if either the seller or the trustee transfers the seller's trust account to another qualified account, the trustee may not retain and the seller may not pay any portion of the trust funds as payment for any penalty or for any other reason related to such transfer.
Amendment history
4/28/2026
Source: view the official text
Nearby sections (25 sections)
- 110-36-3 · Information Filing; Fees, Compliance Agent
- 110-36-4 · Exemptions
- 110-36-5 · Deposit in Preneed Trust Required; Who May Serve as Trustee
- 110-36-6 · Requirements for Preneed Cemetery Company Contracts
- 110-36-7 · Identification of Funds
- 110-36-8 · Corpus of Trust Account and Income to Remain in Preneed…
- 110-36-9 · Disbursement of Trust Funds Upon Performance of Contract;…
- 110-36-10 · Seller Required to Keep Records
- 110-36-11 · Financial Report and Written Assurance Required
- 110-36-12 · Inclusion of Property, Goods and Services to be Delivered…
- 110-36-13 · Breach of Contract by Seller; Trust to be Single Purpose…
- 110-36-14 · Trustee May Rely on Certifications and Affidavits
- 110-36-15 · Transfer of Trust Funds to Another Trustee
- 110-36-16 · Use of Trustee's Name in Advertisements
- 110-36-17 · Cemetery Property Maintained by Cemetery Company
- 110-36-18 · Waiver of Article Void
- 110-36-19 · Violation a Misdemeanor
- 110-37-1 · General
- 110-37-2 · Definitions
- 110-37-3 · Raffle Operations
- 110-37-4 · Licensing
- 110-37-5 · Annual License
- 110-37-6 · Limited Occasion License
- 110-37-7 · License Fees and Exemptions From Taxes
- 110-37-8 · Information Required in Applications