No person will be allowed to withdraw or transfer all or any portion of the corpus of the care and maintenance trust funds of any cemetery to any depository authorized to conduct business in South Carolina. The board will not approve the creation of a new care and maintenance trust fund as called for under Code Section 40-8-110 unless the same is deposited with a trust institution authorized to conduct business in South Carolina.
S.C. Code Regs. § 21-13