Executors, administrators, trustees, and other fiduciaries, both individual and corporate, may invest the funds held by them in a fiduciary capacity in bonds and other obligations issued, guaranteed, or assured by the Inter-American Development Bank, which are and shall be considered lawful investments.
1968, c. 65, § 26-40.1; 2012, c. 614.
Structure Code of Virginia
Title 64.2 - Wills, Trusts, and Fiduciaries
§ 64.2-1500. Court orders regarding money in possession of fiduciary
§ 64.2-1502. In what securities fiduciaries may invest; definitions
§ 64.2-1504. Investments in municipal bonds by banks or trust companies
§ 64.2-1505. Investments that cease to be eligible may be retained
§ 64.2-1506. Investment in mutual fund affiliated with fiduciary