Prepaid Funerals Act 2004
23Transfer of rights and obligations
Start here
Get a plain-English read of 23
Turn the raw legal text into a practical explanation grounded in Prepaid Funerals Act 2004.
23 Transfer of rights and obligations
(1) Where payments under a prepaid funeral agreement are held by a funeral trust, a person carrying on the relevant funeral business may assign his or her rights and obligations under the agreement to another funeral business.
(2) On an assignment under subsection (1) , the custodian of the relevant funeral trust must –
(a) continue to act as custodian of that funeral trust in respect of the relevant prepaid funeral agreement; or
(b) pay all money and transfer all investments held in respect of the agreement to the custodian of another funeral trust nominated by the person carrying on the first-mentioned funeral business.