Investments made under the provisions of § 64.2-1502, if in conformity with the requirements of that section at the time the investments were made, may be retained even though they cease to be eligible for purchase under the provisions of that section, but shall be subject to the provisions of the Uniform Prudent Investor Act (§ 64.2-780 et seq.).
Code 1919, § 5431; 1942, p. 662; Code 1950, § 26-44; 1992, c. 810; 1999, c. 772; 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