You can move model text to a new location on the same work plane, to a new work plane, or to a new host.

To move model text to a new location on the same work plane
To move model text to a new host
 Work Plane panel
Work Plane panel
 Pick New.
 Pick New. 
  See Move a Work Plane-Based or Face-Based Element to a Different Host.
To move model text to a new work plane