Code of Virginia
Chapter 14 - Fiduciaries Generally
§ 64.2-1426. Nonresident fiduciaries

A. A natural person who is not a resident of the Commonwealth may be appointed or allowed to qualify or act as the personal representative, or trustee under a will, of any decedent, or appointed as the guardian of an infant's estate or the guardian or conservator of the property of an incapacitated person under Chapter 20 (§ 64.2-2000 et seq.) or Chapter 21 (§ 64.2-2100 et seq.).
Qualification of such person as a personal representative, or trustee under a will, of any decedent shall be subject to the provisions of Article 1 (§ 64.2-500 et seq.) of Chapter 5.
At the time of qualification or appointment, each such nonresident shall file with the clerk of the circuit court of the jurisdiction wherein the qualification is had or appointment is made his consent in writing that service of process in any action or proceeding against him as personal representative, trustee under a will, conservator, or guardian, or any other notice with respect to the administration of the estate, trust, or person in his charge in the Commonwealth may be by service upon the clerk of the court in which he is qualified or appointed, or upon such resident of the Commonwealth and at such address as the nonresident may appoint in the written instrument. In the event of the death, removal, resignation, or absence from the Commonwealth of a resident agent or any successor named by a similar instrument filed with the clerk, or if a resident agent or any such successor cannot with due diligence be found for service at the address designated in such instrument, then any process or notice may be served on the clerk of the circuit court. Notwithstanding §§ 64.2-505 and 64.2-2011, where any nonresident qualifies, other than as a guardian of an incapacitated person, pursuant to this subsection, bond with surety shall be required in every case, unless a resident personal representative, trustee, or fiduciary qualifies at the same time or the court or clerk making the appointment waives surety under the provisions of § 64.2-1411.
B. A corporation shall not be appointed or allowed to qualify or act as personal representative, as trustee under a will, or as one of the personal representatives or trustees under a will of any decedent, or appointed or allowed to qualify or act as guardian of an infant, as one of the guardians of an infant, as guardian of the person or property of an incapacitated person under Chapter 20 (§ 64.2-2000 et seq.) or Chapter 21 (§ 64.2-2100 et seq.), or as one of the guardians or conservators, unless the corporation is authorized to do business in the Commonwealth. Nothing in this section shall be construed to impair the validity of any appointment or qualification made prior to January 1, 1962, nor to affect in any way the other provisions of this chapter or of § 64.2-609. The provisions of this section shall not authorize or allow any appointment or qualification prohibited by § 6.2-803.
C. The fact that an individual nominated or appointed as the guardian of the person of an infant is not a resident of the Commonwealth shall not prevent the qualification of the individual to serve as the sole guardian of the person of the infant.
1924, p. 415; 1936, p. 760; Michie Code 1942, § 5400a; 1950, p. 724, § 26-59; 1962, c. 576; 1983, c. 467; 1984, c. 39; 1986, cc. 53, 543; 1989, c. 535; 1995, cc. 678, 684; 1996, c. 680; 1997, c. 921; 2001, c. 836; 2011, c. 518; 2012, c. 614.

Structure Code of Virginia

Code of Virginia

Title 64.2 - Wills, Trusts, and Fiduciaries

Chapter 14 - Fiduciaries Generally

§ 64.2-1400. Authority to qualify trustee; necessity for security; notice of qualification; qualification by less than all of trustees named

§ 64.2-1401. Jurisdiction for qualification of testamentary trustee; qualification and bond; when surety not required

§ 64.2-1402. Jurisdiction for qualification of certain testamentary trustees and trustees generally

§ 64.2-1403. Qualification of trustees

§ 64.2-1404. New fiduciary appointed when authority of former revoked

§ 64.2-1405. Court may appoint trustee in place of one named in will, deed, or other writing; management by corporate trustee outside of the Commonwealth

§ 64.2-1406. Notice required; certain substitutions validated

§ 64.2-1407. Who to execute the trust until new trustee appointed

§ 64.2-1408. Circuit court may exercise same powers in suit to enforce or administer trust

§ 64.2-1409. Information to be provided to clerk by fiduciary

§ 64.2-1410. When court may require new bond or revoke authority; giving new bond upon motion of fiduciary, surety, or other party in interest

§ 64.2-1411. When fiduciary may qualify without security; requirements for issuance of certificates of qualification; payments

§ 64.2-1412. How trustee required to give bond; when to be removed and another appointed

§ 64.2-1413. Placing certain trust assets in designated financial institutions; waiver or reduction of bond of fiduciary

§ 64.2-1414. Effect of orders of qualification of bank as committee or guardian

§ 64.2-1415. Liability for losses by negligence or failure to make defense

§ 64.2-1416. Liability of fiduciary for actions of cofiduciary

§ 64.2-1417. How judgment may be entered against personal representative, conservator, or committee

§ 64.2-1418. Court order for payments due from fiduciaries; effect

§ 64.2-1419. Execution of fiduciary bond or appointment of agent designates clerk as attorney for service of process

§ 64.2-1420. Clerk to mail notice, process, or rule to person served

§ 64.2-1421. What judgment or decree based upon service upon clerk shall specifically adjudicate

§ 64.2-1422. Environmental liability of fiduciaries

§ 64.2-1423. Trustee not disqualified due to status as stockholder, employee, or officer of corporate noteholder; sale of property by trustee not voidable

§ 64.2-1424. Resignation by fiduciary of his trust

§ 64.2-1425. How securities transferred to successor

§ 64.2-1426. Nonresident fiduciaries

§ 64.2-1427. How property of nonresident infant or incapacitated person transferred to foreign guardian, conservator, or committee

§ 64.2-1428. Transfer of proceeds of sale of real estate of nonresident beneficiary to foreign fiduciary

§ 64.2-1429. Notice and bond required prior to transfer

§ 64.2-1430. When bond may be dispensed with

§ 64.2-1431. Sale of property and payment of proceeds to nonresident trustee

§ 64.2-1432. Discharge from liability of resident guardian, committee, conservator, or trustee