Code of Virginia
Title 64.2 - Wills, Trusts, and Fiduciaries

§ 64.2-104. Incorporation by reference into a will, power of attorney, or trust instrument - A. The following original documents may be incorporated by reference...

§ 64.2-105. Incorporation by reference of certain powers of fiduciaries into will or trust instrument - A. For purposes of this section: "Environmental law" means any...

§ 64.2-106. Grant of certain powers to personal representative or trustee by circuit court - A. Upon the motion of a personal representative or trustee,...

§ 64.2-107. Power granted to personal representatives to make election regarding marital deduction as to certain qualifying terminable interest property; binding effect of election - A. For purposes of this section, "personal representative" includes the...

§ 64.2-108. Power granted to personal representatives and trustees to donate conservation or open-space easements - Personal representatives and trustees, whether heretofore or hereafter qualified or...

§ 64.2-108.1. References to former sections, articles, or chapters - When any will, trust instrument, power of attorney, or other...

§ 64.2-108.2. Provision in certain trust void - A. For purposes of this section, "medical assistance" and "medical...

§ 64.2-109. Repealed - §§ 64.2-109 through 64.2-115. Repealed by Acts 2017, cc. 33...

§ 64.2-116. Definitions - As used in this article, unless the context requires otherwise:...

§ 64.2-117. Applicability - A. This article applies to: 1. A fiduciary acting under...

§ 64.2-118. User direction for disclosure of digital assets - A. A user may use an online tool to direct...

§ 64.2-119. Terms-of-service agreement - A. This article does not change or impair a right...

§ 64.2-120. Procedure for disclosing digital assets - A. When disclosing digital assets of a user under this...

§ 64.2-121. Disclosure of content of electronic communications of deceased user - If a deceased user consented to or a court directs...

§ 64.2-122. Disclosure of other digital assets of deceased user - Unless the user prohibited disclosure of digital assets or the...

§ 64.2-123. Disclosure of content of electronic communications of principal - To the extent that a power of attorney expressly grants...

§ 64.2-124. Disclosure of other digital assets of principal - Unless otherwise ordered by the court, directed by the principal,...

§ 64.2-125. Disclosure of digital assets held in trust when trustee is original user - Unless otherwise ordered by the court or provided in a...

§ 64.2-126. Disclosure of contents of electronic communications held in trust when trustee is not original user - Unless otherwise ordered by the court, directed by the user,...

§ 64.2-127. Disclosure of other digital assets held in trust when trustee is not original user - Unless otherwise ordered by the court, directed by the user,...

§ 64.2-128. Disclosure of digital assets to conservator or guardian of protected person - A. After an opportunity for a hearing under Chapter 20...

§ 64.2-129. Fiduciary duty and authority - A. The legal duties imposed on a fiduciary charged with...

§ 64.2-130. Custodian compliance and immunity - A. Not later than 60 days after receipt of the...

§ 64.2-131. Uniformity of application and construction - In applying and construing this article, consideration shall be given...

§ 64.2-132. Relation to Electronic Signatures in Global and National Commerce Act - This article modifies, limits, or supersedes the Electronic Signatures in...

Chapter 2 - Descent and Distribution

§ 64.2-200. Course of descents generally; right of Commonwealth if no other heir - A. The real estate of any decedent not effectively disposed...

§ 64.2-201. Distribution of personal estate; right of Commonwealth if no other distributee - A. The surplus of the personal estate or any part...

§ 64.2-202. When persons take per capita and when per stirpes; collaterals of the half blood - A. A decedent's estate, or each half portion of such...

§ 64.2-203. Inheritance rights of certain individuals - A. Except as otherwise provided by law, no person is...

§ 64.2-204. Afterborn heirs - Relatives of the decedent conceived before his death but born...

§ 64.2-205. Right of entry or action for land not affected by descent cast - The right to make entry on or bring an action...

§ 64.2-206. Advancements brought into hotchpot - When the descendant of a decedent receives any property as...

Chapter 3 - Rights of Married Persons

§ 64.2-300. Applicability; definitions - A. The provisions of this article shall apply to determining...

§ 64.2-301. Dower or curtesy abolished - The interests of dower and curtesy are abolished. However, the...

§ 64.2-302. When and how elective share may be claimed by surviving spouse - A. A surviving spouse may claim an elective share regardless...

§ 64.2-303. Extension of time until after determination of action for construction of will or extent of augmented estate - If (i) a will is of doubtful import as to...

§ 64.2-304. Rights upon claiming an elective share - If a claim for an elective share is made, the...

§ 64.2-305. Augmented estate; exclusions; valuation - A. The augmented estate means the decedent's entire estate passing...

§ 64.2-306. Charging spouse with the value of property received; liability of others for balance of elective share - A. In determining the elective share, the value of property...

§ 64.2-307. Rights in family residence - Until the surviving spouse's rights in the principal family residence...

§ 64.2-308. Statutory rights barred by desertion or abandonment - A. If a spouse willfully deserts or abandons the other...

§ 64.2-308.1. Applicability; definitions - A. The provisions of this article shall apply to determining...

§ 64.2-308.2. Dower or curtesy abolished - The interests of dower and curtesy are abolished. However, the...

§ 64.2-308.3. Elective share amount; effect of election on statutory benefits; non-domiciliary - A. The surviving spouse of a decedent who dies domiciled...

§ 64.2-308.4. Composition of the augmented estate; marital property portion - A. Subject to § 64.2-308.9, the value of the augmented...

§ 64.2-308.5. Decedent's net probate estate - The value of the augmented estate includes the value of...

§ 64.2-308.6. Decedent's non-probate transfers to others - The value of the augmented estate includes the value of...

§ 64.2-308.7. Decedent's non-probate transfers to the surviving spouse - Excluding property passing to the surviving spouse under the federal...

§ 64.2-308.8. Surviving spouse's property and non-probate transfers to others - A. Except to the extent included in the augmented estate...

§ 64.2-308.9. Exclusions, valuation, and overlapping application - A. The value of any property is excluded from the...

§ 64.2-308.10. Sources from which elective share payable - A. In a proceeding for an elective share, the following...

§ 64.2-308.11. Personal liability of recipients - A. Only original recipients of the decedent's non-probate transfers to...

§ 64.2-308.12. Proceeding for elective share; time limit - A. The election by the surviving spouse of a decedent...

§ 64.2-308.13. Right of election personal to surviving spouse; incapacitated surviving spouse - A. The right of election may be exercised only by...

§ 64.2-308.14. Waiver of right to elect and of other rights; defenses - A. The right of election of a surviving spouse and...

§ 64.2-308.15. Protection of payors and other third parties - A. Although under § 64.2-308.6 a payment, item of property,...

§ 64.2-308.16. Rights in family residence - Until the surviving spouse's rights in the principal family residence...

§ 64.2-308.17. Statutory rights barred by desertion or abandonment - If a parent willfully deserts or abandons his minor or...

§ 64.2-309. Family allowance - A. In addition to any other right or allowance under...

§ 64.2-310. Exempt property - A. In addition to any other right or allowance under...

§ 64.2-311. Homestead allowance - A. In addition to any other right or allowance under...

§ 64.2-312. Source, determination, and documentation of family allowance, exempt property, and homestead allowance; petition for relief - A. Property specifically bequeathed or devised shall not be used...

§ 64.2-313. When and how exempt property and allowances may be claimed - Any election to take a family allowance, exempt property, or...

§ 64.2-314. Waiver - A. The right of a decedent's surviving spouse to a...

§ 64.2-315. Application - This article applies to the disposition at death of the...

§ 64.2-316. Presumptions - In determining whether this article applies to specific property, the...

§ 64.2-317. Disposition upon death - Upon death of a married person, one-half of the property...

§ 64.2-318. Perfection of title of surviving spouse - If the title to any property to which this article...

§ 64.2-319. Perfection of title of personal representative, heir or devisee - If the title to any property to which this article...

§ 64.2-320. Purchaser for value or lender - A. If a surviving spouse has apparent title to property...

§ 64.2-321. Creditor's rights - This article does not affect rights of creditors with respect...

§ 64.2-322. Acts of married persons - The provisions of this article do not prevent married persons...

§ 64.2-323. Limitations on testamentary disposition - This article does not authorize a person to dispose of...

§ 64.2-324. Uniformity of application and construction - This article shall be so applied and construed as to...

Chapter 4 - Wills

§ 64.2-400. Separate writing identifying recipients of tangible personal property; liability for distribution; action to recover property - A. If a will refers to a written statement or...

§ 64.2-401. Who may make a will; what estate may be disposed of - A. Except as provided in subsection B, any individual may...

§ 64.2-402. Advertisements to draw wills prohibited; penalty - Any person that advertises any direct or indirect offer to...

§ 64.2-403. Execution of wills; requirements - A. No will shall be valid unless it is in...

§ 64.2-404. Writings intended as wills - A. Although a document, or a writing added upon a...

§ 64.2-404.1. Reformation of will to correct mistakes or achieve decedent's tax objectives - A. The court may reform the terms of a decedent's...

§ 64.2-405. Interested persons as competent witnesses - No person is incompetent to testify for or against a...

§ 64.2-406. Repealed - Repealed by Acts 2016, c. 266, cl. 2.

§ 64.2-407. Will of personal estate of nonresidents - Notwithstanding the provisions of § 64.2-403, the will of a...

§ 64.2-408. Presumption of formal execution of wills made by persons in military service; will of personal estate of persons in military service and seamen - A. A will executed by a person while in the...

§ 64.2-409. Wills of living persons lodged for safekeeping with clerks of certain courts - A. A person or his attorney may, during the person's...

§ 64.2-410. Revocation of wills generally - A. If a testator with the intent to revoke a...

§ 64.2-411. Revival of wills after revocation - Any will or codicil, or any part thereof that has...

§ 64.2-412. Revocation by divorce or annulment; revival upon remarriage; no revocation by other change - A. For the purposes of this section, the terms "revocable,"...

§ 64.2-413. Effect of subsequent conveyance on will - Except for an act that results in the revocation of...

§ 64.2-414. When wills deemed to speak - A. A will shall be construed, with reference to the...

§ 64.2-415. How certain trust provisions, bequests, and devises to be construed; nonademption in certain cases - A. As used in this section: "Incapacitated" means impairment by...

§ 64.2-416. Devises, bequests, and distributions that fail; how to pass - A. For the purposes of this section, the terms "revocable,"...

§ 64.2-417. When advancement deemed satisfaction of devise or bequest - Property that a testator gave during his lifetime to a...

§ 64.2-418. When children or descendants of beneficiary to take estate or trust - A. For the purposes of this section, the terms "revocable,"...

§ 64.2-419. Provision for omitted children when no child living when will made - A. If a testator executes a will when the testator...

§ 64.2-420. Provision for omitted children when child living when will made - A. If a testator executes a will that makes provision...

§ 64.2-421. Construction of certain conditions of spouse's survivorship - A. If property passes from the decedent or is acquired...

§ 64.2-422. When omitted spouse to take intestate portion - If a testator fails to provide by will for a...

§ 64.2-423. Repealed - Repealed by Acts 2016, c. 266, cl. 2.

§ 64.2-424. When direction to purchase annuity binding on legatee - If a testator directs in his will that an annuity...

§ 64.2-425. Interest on pecuniary legacies - A. Unless a contrary intent is expressed in or to...

§ 64.2-426. Testamentary additions to trusts by testator dying on or after July 1, 1994, and before July 1, 1999 - A. A devise or bequest, including the exercise of a...

§ 64.2-427. Testamentary additions to trusts by testator dying after June 30, 1999 - A. A will may validly devise or bequeath property, including...

§ 64.2-428. Distribution of assets by fiduciaries in satisfaction of pecuniary bequests or transfers in trust of pecuniary amount - A. Where a will or trust agreement authorizes or directs...

§ 64.2-429. Construction of trust provisions otherwise eligible for the election permitted under § 2056(b)(7) of the Internal Revenue Code - If any trust created under a will or trust agreement...

§ 64.2-430. Certain marital deduction formula clauses to be construed to refer to federal marital deduction allowable if decedent had died on December 31, 1981 - A. If property passes from the decedent or is acquired...

§ 64.2-431. Certain powers of appointment construed to refer to federal gift tax exclusion in effect on date of execution - If an instrument executed before September 12, 1981, provides for...

§ 64.2-432. Certain formula clauses to be construed to refer to federal estate and generation-skipping transfer tax laws applicable to estates of decedents dying after December 31, 2009, and before January 1, 2011 - A. A will, trust, or other instrument of a decedent...

§ 64.2-433. Definitions - As used in this article: "Authorized person" and "person authorized...

§ 64.2-434. Validity - A. A will shall be valid as regards form, irrespective...

§ 64.2-435. Requirements - A. The will shall be made in writing. It need...

§ 64.2-436. Other points of form - A. The signatures shall be placed at the end of...

§ 64.2-437. Certificate - The authorized person shall attach to the will a certificate...

§ 64.2-438. Effect of certificate - In the absence of evidence to the contrary, the certificate...

§ 64.2-439. Revocation - The international will shall be subject to the ordinary rules...

§ 64.2-440. Source and construction - Sections 64.2-433 through 64.2-439 derive from Annex to Convention of...

§ 64.2-441. Persons authorized to act in relation to international will; eligibility; recognition by authorizing agency - Individuals who have been admitted to practice law before the...

§ 64.2-442. International will information registration - The Secretary of the Commonwealth shall establish a registry system...

§ 64.2-443. Jurisdiction of probate of wills - A. The circuit courts shall have jurisdiction of the probate...

§ 64.2-444. Clerks may probate wills - A. The clerk of any circuit court, or any duly...

§ 64.2-445. Appeal from order of clerk - Any person interested in the probate of the will may...

§ 64.2-446. Motion for probate; process against persons interested in probate - A. A person offering, or intending to offer, to a...

§ 64.2-447. Use of depositions - A. The deposition of a witness who subscribed a will...

§ 64.2-448. Complaint to impeach or establish a will; limitation of action; venue - A. A person interested in the probate of the will...

§ 64.2-449. Procedure in probate proceedings - A. In every probate proceeding, the court or clerk may...

§ 64.2-450. Probate of copy of will proved outside the Commonwealth; authenticated copy - When a will relative to an estate within the Commonwealth...

§ 64.2-451. Appointment of curator; when made; his duties - The court or the clerk of such court, or his...

§ 64.2-452. How will may be made self-proved; affidavits of witnesses - A will, at the time of its execution or at...

§ 64.2-453. How will may be made self-proved; acknowledgment of witnesses - A will, at the time of its execution or at...

§ 64.2-454. Appointment of administrator for prosecution of action for personal injury or wrongful death against or on behalf of estate of deceased resident or nonresident - An administrator may be appointed in any case in which...

§ 64.2-454.1. Will contest; presumption of undue influence - In any case contesting the validity of a decedent's will...

§ 64.2-455. Wills to be recorded; recording copies; effect; transfer to the Library of Virginia - A. Every will or authenticated copy admitted to probate by...

§ 64.2-456. Bona fide purchaser of real estate without notice of devise protected - The title of a bona fide purchaser without notice from...

§ 64.2-457. Bona fide purchaser of real estate without notice of devise protected; later will - The title of a bona fide purchaser without notice from...

§ 64.2-458. Bona fide purchaser of real estate without notice of devise protected; intestacy - The title of a bona fide purchaser without notice from...

Chapter 5 - Personal Representatives and Administration of Estates

§ 64.2-500. Grant of administration with the will annexed - A. If the will does not name an executor, or...

§ 64.2-501. Oath of executor or administrator with the will annexed - An executor or administrator with the will annexed shall take...

§ 64.2-502. Grant of administration of intestate estate - A. The court or the clerk who would have jurisdiction...

§ 64.2-503. Oath and bond of administrator of intestate estate - An administrator of an intestate estate shall give bond and...

§ 64.2-504. Bond of executor or administrator - A. Except as provided in subsection B, every bond of...

§ 64.2-505. When security not required - A. The court or clerk shall require a personal representative...

§ 64.2-506. When letters of administration and order for obtaining probate in due form are required - The court or clerk may issue a certificate of qualification...

§ 64.2-507. Clerks to deliver statement of responsibilities - The clerk of any court in which any person qualifies...

§ 64.2-508. Written notice of probate, qualification, and entitlement to copies of inventories, accounts, and reports to be provided to certain parties - A. Except as otherwise provided in this section, a personal...

§ 64.2-509. List of heirs - A. Every personal representative of a decedent, whether the decedent...

§ 64.2-510. Affidavit relating to real estate of intestate decedent - A. Any person having an interest in real estate that...

§ 64.2-511. Powers of executor before qualification - A person named in a will as executor shall not...

§ 64.2-512. Funeral expenses - Subject to the provisions of § 64.2-528, reasonable funeral and...

§ 64.2-513. Effect of death, resignation, or removal of sole executor - Upon the death, resignation, or removal of the sole surviving...

§ 64.2-514. Duty of every personal representative - Every personal representative shall administer, well and truly, the whole...

§ 64.2-515. Duty of fiduciaries as to joint accounts - A. Except as provided in subsection B, a fiduciary charged...

§ 64.2-516. Duties of fiduciaries as to certain obligations of the United States - A. Except as provided in subsection B, a fiduciary charged...

§ 64.2-517. Exercise of discretionary powers by surviving executors or administrators with the will annexed - A. When discretionary powers are conferred upon the executors under...

§ 64.2-518. When personal representative may renew obligation of decedent - A. When a decedent is obligated on any note, bond,...

§ 64.2-519. Suits upon judgment and contracts of decedent and actions for personal injury or wrongful death - A personal representative may sue or be sued (i) upon...

§ 64.2-520. Action for goods carried away, or for waste, destruction of, or damage to estate of decedent - A. Any action for damages for the taking or carrying...

§ 64.2-520.1. Action for damages from legal malpractice concerning estate planning - A. An action for damages to an individual or an...

§ 64.2-520.2. Reliance on certificate of qualification of a personal representative - A. Any individual or entity conducting business in good faith...

§ 64.2-521. Personal representatives to sell real estate devised to be sold, and to receive certain rents - A. If the will devises real estate to be sold...

§ 64.2-522. Personal representatives to pay over sale proceeds and rents to persons entitled - An executor or administrator shall faithfully pay the rents and...

§ 64.2-523. Personal representative may execute deed pursuant to written contract of decedent - When any decedent has executed and delivered a bona fide...

§ 64.2-524. Validation of certain conveyances by foreign executor - A. Every conveyance of real estate within the Commonwealth made...

§ 64.2-525. Debtor's appointment as executor - The appointment of a debtor of the estate as executor...

§ 64.2-526. What personal estate to be sold; use of proceeds - A. Subject to the provisions of Article 2 (§ 64.2-309...

§ 64.2-527. Estate held for another's life; inclusion in personal estate - Any estate for the life of another shall go to...

§ 64.2-528. Order in which debts and demands of decedents to be paid - When the assets of the decedent in his personal representative's...

§ 64.2-529. Creditors to be paid in order of their classification; class paid ratably; when representative not liable for paying debt - No payment shall be made to creditors of any one...

§ 64.2-530. Lien acquired during lifetime of decedent not affected - The provisions of §§ 64.2-528 and 64.2-529 shall not affect...

§ 64.2-531. Nonexoneration; payment of lien if granted by agent - A. Unless a contrary intent is clearly set out in...

§ 64.2-532. Real estate of decedent as assets for payment of debts - If a decedent's personal estate is insufficient to satisfy the...

§ 64.2-533. Administration of assets for payment of debts - The circuit court in which a report of the accounts...

§ 64.2-534. Liability of heir or devisee for value of real estate sold and conveyed; validity of premature conveyances - A. Any heir or devisee who sells and conveys any...

§ 64.2-535. When sale and conveyance within one year valid against creditors; proceeds paid to special commissioner; bond to obtain proceeds - A. For purposes of this section: "Net proceeds" means the...

§ 64.2-536. Liability of heir or devisee; action by personal representative or creditor; recording notice of lis pendens; evidence - An heir or devisee may be sued by the personal...

§ 64.2-537. Action to enforce claim of less than $100; notice - No action may be brought pursuant to this article where...

§ 64.2-538. Lien acquired during lifetime of decedent not affected - This article shall not affect any lien acquired during the...

§ 64.2-539. Definitions - For the purposes of this article: "Gross estate" includes any...

§ 64.2-540. Apportionment required - A. Except as provided in subsection B, whenever it appears...

§ 64.2-541. Recovery by executor when part of estate not in his possession - If any property required to be included in the gross...

§ 64.2-542. Transfers not required until tax ascertained or security given - An executor, administrator, or other fiduciary is not required to...

§ 64.2-543. Contrary provisions of will or other instrument to govern - A. For purposes of this section: "Includable beneficial interest" means...

§ 64.2-544. Construction of direction to pay all taxes imposed on account of testator's death - A. A general direction in a will, trust instrument, or...

§ 64.2-545. Transfer of assets to administrator de bonis non; administration of assets - A. If the powers of a personal representative have ceased...

§ 64.2-546. Action against representative of executor for waste - An action may be maintained for waste of a decedent's...

§ 64.2-547. Revival of judgment by administrator de bonis non - If an action is pending or a judgment has been...

§ 64.2-548. Action against surety of personal representative; procedure - A. An action may be brought against the surety of...

§ 64.2-549. Liability of personal representative or his surety - The liability of a personal representative or his surety shall...

§ 64.2-550. Proceedings for receiving proof of debts by commissioners of accounts - A. A commissioner of accounts who has for settlement the...

§ 64.2-551. Account of debts by commissioners of accounts - The commissioner of accounts, within 60 days from the date...

§ 64.2-552. How claims filed before commissioners of accounts; tolling of limitations period - A. Any person who seeks to prove that he has...

§ 64.2-553. When court to order payment of debts - A. Upon confirmation of a report of the accounts of...

§ 64.2-554. When distribution may be required; refunding bond - A personal representative shall not be compelled to pay any...

§ 64.2-555. When fiduciaries are protected by refunding bonds - If any personal representative pays any legacy made in the...

§ 64.2-556. Order to creditors to show cause against distribution of estate to legatees or distributees; liability of legatees or distributees to refund - A. When a report of the accounts of any personal...

§ 64.2-557. Form for notice to show cause under § 64.2-556 - Any notice to show cause published or posted in pursuance...

§ 64.2-558. Distribution to persons standing in loco parentis to certain beneficiaries - Notwithstanding any provision of law to the contrary, a distribution...

Chapter 6 - Transfers without Qualification

§ 64.2-600. Definitions - For the purposes of this article, the following definitions apply:...

§ 64.2-601. Payment or delivery of small asset by affidavit - A. Any person having possession of a small asset shall...

§ 64.2-602. Payment or delivery of small asset valued at $25,000 or less without affidavit - A. Notwithstanding the provisions of § 64.2-601, any person having...

§ 64.2-603. Discharge and release of payor - Any person paying or delivering a small asset pursuant to...

§ 64.2-604. Payment or delivery of small asset; funeral expenses - Thirty days after the death of a decedent upon whose...

§ 64.2-605. Construction of article - The remedies provided by this article shall be in addition...

§ 64.2-606. Transfer of certain vessels registered with U.S. Coast Guard and transfer of motor vehicles - A. When a resident of the Commonwealth owning a vessel...

§ 64.2-607. Transfer of evidences of indebtedness, securities, and stock held in decedents' estates - When any executor or administrator duly appointed and qualified under...

§ 64.2-608. Transfer of securities of nonresident decedents - The stocks, bonds, or evidences of indebtedness issued by (i)...

§ 64.2-609. Money and personal property belonging to nonresident decedents - A. When any person, at the time of his death...

§ 64.2-610. When court may allow another to qualify on estate - A. Except during the pendency of a suit to contest...

§ 64.2-611. Disposition by sheriff of property when no person entitled thereto - If any sheriff has in his possession any money or...

§ 64.2-612. Definitions - In this article, unless the context otherwise requires: "Beneficiary form"...

§ 64.2-613. Registration in beneficiary form; sole or joint tenancy ownership; applicable law - A. Only individuals whose registration of a security shows sole...

§ 64.2-614. Origination of registration in beneficiary form - A security, whether evidenced by certificate or account, is registered...

§ 64.2-615. Form of registration in beneficiary form; effect - A. Registration in beneficiary form may be shown by the...

§ 64.2-616. Ownership on death of owner - On death of a sole owner or the last to...

§ 64.2-617. Protection of registering entity - A. A registering entity is not required to offer or...

§ 64.2-618. Nontestamentary transfer on death - A transfer on death resulting from a registration in beneficiary...

§ 64.2-619. Terms, conditions, and forms for registration; examples - A. A registering entity offering to accept registrations in beneficiary...

§ 64.2-620. Nonprobate transfers on death - A. A provision for a nonprobate transfer on death in...

§ 64.2-621. Definitions - As used in this article: "Beneficiary" means a person that...

§ 64.2-622. Applicability - This article applies to a transfer on death deed made...

§ 64.2-623. Nonexclusivity - This article does not affect any method of transferring property...

§ 64.2-624. Transfer on death deed authorized - An individual may transfer property to one or more beneficiaries...

§ 64.2-625. Transfer on death deed revocable - A transfer on death deed is revocable even if the...

§ 64.2-626. Transfer on death deed nontestamentary - A transfer on death deed is nontestamentary. 2013, c. 390.

§ 64.2-627. Capacity of transferor - The capacity required to make or revoke a transfer on...

§ 64.2-628. Requirements - A transfer on death deed: 1. Except as otherwise provided...

§ 64.2-629. Notice, delivery, acceptance, consideration not required - A transfer on death deed is effective without: 1. Notice...

§ 64.2-630. Revocation by instrument authorized; revocation by act not permitted - A. Subject to subsection B, an instrument is effective to...

§ 64.2-631. Effect of transfer on death deed during transferor's life - During a transferor's life, a transfer on death deed does...

§ 64.2-632. Effect of transfer on death deed at transferor's death - A. Except as otherwise provided in the transfer on death...

§ 64.2-633. Disclaimer - A beneficiary may disclaim all or part of the beneficiary's...

§ 64.2-634. Liability for creditor claims and statutory allowances - A. After the death of the transferor, and subject to...

§ 64.2-635. Optional form of transfer on death deed - The following form may be used to create a transfer...

§ 64.2-636. Optional form of revocation - The following form may be used to create an instrument...

§ 64.2-637. Uniformity of application and construction - In applying and construing this uniform act, consideration shall be...

§ 64.2-638. Relation to federal Electronic Signatures in Global and National Commerce Act - This article modifies, limits, and supersedes the federal Electronic Signatures...

Chapter 7 - Uniform Trust Code

§ 64.2-700. Scope - A. This chapter applies to express inter vivos trusts, charitable...

§ 64.2-701. Definitions - As used in this chapter, unless the context requires a...

§ 64.2-702. Knowledge - A. Subject to subsection B, a person has knowledge of...

§ 64.2-703. Default and mandatory rules - A. Except as otherwise provided in the terms of the...

§ 64.2-704. Common law of trusts; principles of equity - The common law of trusts and principles of equity supplement...

§ 64.2-705. Governing law - The meaning and effect of the terms of a trust...

§ 64.2-706. Principal place of administration - A. Without precluding other means for establishing a sufficient connection...

§ 64.2-707. Methods and waiver of notice - A. Notice to a person under this chapter or the...

§ 64.2-708. Others treated as qualified beneficiaries - A. Whenever notice to qualified beneficiaries of a trust is...

§ 64.2-709. Nonjudicial settlement agreements - A. For purposes of this section, "interested persons" means persons...

§ 64.2-710. Role of court in administration of trust - A. The court may intervene in the administration of a...

§ 64.2-711. Jurisdiction over trustee and beneficiary - A. By accepting the trusteeship of a trust having its...

§ 64.2-712. Proceedings to appoint or remove trustees - A. Proceedings to appoint or remove trustees may be brought...

§ 64.2-713. Pleadings; parties; orders; notice - A. In judicial proceedings involving trusts governed under this chapter,...

§ 64.2-714. Representation; basic effect - A. Notice to a person who may represent and bind...

§ 64.2-715. Representation by holder of general testamentary power of appointment - To the extent there is no conflict of interest between...

§ 64.2-716. Representation by fiduciaries and parents or other ancestors - To the extent there is no conflict of interest between...

§ 64.2-717. Representation by person having substantially identical interest - Unless otherwise represented, a minor, incapacitated, or unborn individual, or...

§ 64.2-718. Appointment of representative - A. If the court determines that an interest is not...

§ 64.2-719. Methods of creating trust - A. A trust may be created by: 1. Transfer of...

§ 64.2-720. Requirements for creation - A. A trust is created only if: 1. The settlor...

§ 64.2-721. Trusts created in other jurisdictions - A trust not created by will is validly created if...

§ 64.2-722. Trust purposes - A trust may be created only to the extent its...

§ 64.2-723. Charitable purposes; enforcement - A. A charitable trust may be created for the relief...

§ 64.2-724. Creation of trust induced by fraud, duress, or undue influence - A trust is void to the extent its creation was...

§ 64.2-725. Evidence of oral trust - Except as required by a statute other than this chapter,...

§ 64.2-726. Trust for care of animal - A. A trust may be created to provide for the...

§ 64.2-727. Noncharitable trust without ascertainable beneficiary - Except as otherwise provided in § 64.2-726 or by another...

§ 64.2-728. Modification or termination of trust; proceedings for approval or disapproval - A. In addition to the methods of termination prescribed by...

§ 64.2-729. Modification or termination of noncharitable irrevocable trust by consent - A. If upon petition the court finds that the settlor...

§ 64.2-730. Modification or termination because of unanticipated circumstances or inability to administer trust effectively - A. The court may modify the administrative or dispositive terms...

§ 64.2-731. Cy pres - A. Except as otherwise provided in subsection B, if a...

§ 64.2-732. Modification or termination of uneconomic trust - A. After notice to the qualified beneficiaries, the trustee of...

§ 64.2-733. Reformation to correct mistakes - The court may reform the terms of a trust, even...

§ 64.2-734. Modification to achieve settlor's tax objectives - To achieve the settlor's tax objectives, the court may modify...

§ 64.2-735. Combination and division of trusts - After notice to the qualified beneficiaries, a trustee may combine...

§ 64.2-736. Amendment of trust where gift, grant, or will establishes private foundation or constitutes a charitable trust or a split-interest trust - When any such gift, grant, devise, or bequest establishes a...

§ 64.2-737. Distribution of income of trust that is a private foundation or a charitable trust; prohibitions as to such private foundation - Every trust that is a private foundation, as defined in...

§ 64.2-738. Prohibitions as to trust that is deemed a split-interest trust - Every trust that is a split-interest trust, as described in...

§ 64.2-739. Application of §§ 64.2-737 and 64.2-738 - Sections 64.2-737 and 64.2-738 shall apply to any private foundation,...

§ 64.2-740. Interpretation of references to Internal Revenue Code in §§ 64.2-736 through 64.2-739 - Each reference to a section of the Internal Revenue Code...

§ 64.2-741. Powers of courts not impaired by §§ 64.2-736 through 64.2-740 - Nothing in §§ 64.2-736 through 64.2-740 shall impair the power...

§ 64.2-742. Rights of beneficiary's creditor or assignee - To the extent a beneficiary's interest is not subject to...

§ 64.2-743. Spendthrift provision - A. A spendthrift provision is valid only if it restrains...

§ 64.2-744. Exceptions to spendthrift provision - A. In this section, "child" includes any person for whom...

§ 64.2-745. Certain claims for reimbursement for public assistance - A. Notwithstanding any contrary provision in the trust instrument, if...

§ 64.2-745.1. Self-settled spendthrift trusts - A. A settlor may transfer assets to a qualified self-settled...

§ 64.2-745.2. Definitions; vacancies; right to withdraw - A. As used in this article, unless the context requires...

§ 64.2-746. Discretionary trusts; effect of standard - A. In this section, "child" includes any person for whom...

§ 64.2-747. Creditor's claim against settlor - A. Whether or not the terms of a trust contain...

§ 64.2-748. Overdue distribution - A. In this section "mandatory distribution" means a distribution of...

§ 64.2-749. Personal obligations of trustee - Trust property is not subject to personal obligations of the...

§ 64.2-750. Capacity of settlor of revocable trust - The capacity required to create, amend, revoke, or add property...

§ 64.2-751. Revocation or amendment of revocable trust - A. Unless the terms of a trust expressly provide that...

§ 64.2-752. Settlor's powers; powers of withdrawal - A. While a trust is revocable, rights of the beneficiaries...

§ 64.2-753. Limitation on action contesting validity of revocable trust; distribution of trust property - A. A person may commence a judicial proceeding to contest...

§ 64.2-754. Accepting or declining trusteeship - A. Except as otherwise provided in subsection C, a person...

§ 64.2-755. Trustee's bond - A. Except as otherwise provided in Part A (§ 64.2-1200...

§ 64.2-756. Cotrustees - A. Cotrustees who are unable to reach a unanimous decision...

§ 64.2-757. Vacancy in trusteeship; appointment of successor - A. A vacancy in a trusteeship occurs if: 1. A...

§ 64.2-758. Resignation of trustee - A. A trustee may resign: 1. Upon at least 30...

§ 64.2-759. Removal of trustee - A. The settlor, a cotrustee, or a beneficiary, or, in...

§ 64.2-760. Delivery of property by former trustee - A. Unless a cotrustee remains in office or the court...

§ 64.2-761. Compensation of trustee - A. If the terms of a trust do not specify...

§ 64.2-762. Reimbursement of expenses - A. A trustee is entitled to be reimbursed out of...

§ 64.2-763. Duty to administer trust and invest - Upon acceptance of a trusteeship, the trustee shall administer the...

§ 64.2-764. Duty of loyalty - A. A trustee shall administer the trust solely in the...

§ 64.2-765. Impartiality - If a trust has two or more beneficiaries, the trustee...

§ 64.2-766. Prudent administration - A trustee shall administer the trust as a prudent person...

§ 64.2-767. Costs of administration - In administering a trust, the trustee may incur only costs...

§ 64.2-768. Trustee's skills - A trustee who has special skills or expertise, or is...

§ 64.2-769. Delegation by trustee - A. A trustee may delegate duties and powers that a...

§ 64.2-770. Repealed - Repealed by Acts 2020, c. 768, cl. 2.

§ 64.2-771. Control and protection of trust property - A trustee shall take reasonable steps to take control of...

§ 64.2-772. Recordkeeping and identification of trust property - A. A trustee shall keep adequate records of the administration...

§ 64.2-773. Enforcement and defense of claims - A trustee shall take reasonable steps to enforce claims of...

§ 64.2-774. Collecting trust property - A trustee shall take reasonable steps to compel a former...

§ 64.2-775. Duty to inform and report - A. A trustee shall keep the qualified beneficiaries of the...

§ 64.2-776. Discretionary powers; tax savings - A. Notwithstanding the breadth of discretion granted to a trustee...

§ 64.2-777. General powers of trustee - A. A trustee, without authorization by the court, may exercise:...

§ 64.2-778. Specific powers of trustee - A. Without limiting the authority conferred by § 64.2-777, a...

§ 64.2-778.1. Repealed - Repealed by Acts 2017, c. 592, cl. 2.

§ 64.2-779. Distribution upon termination - A. Upon termination or partial termination of a trust, the...

§ 64.2-779.1. Scope - A. Except as otherwise provided in subsections B and C,...

§ 64.2-779.2. Fiduciary duty - A. In exercising the decanting power, an authorized fiduciary shall...

§ 64.2-779.3. Application; governing law - This article applies to a trust created before, on, or...

§ 64.2-779.4. Reasonable reliance - A trustee or other person that reasonably relies on the...

§ 64.2-779.5. Notice; exercise of decanting power - A. In this section, a notice period begins on the...

§ 64.2-779.6. Court involvement - A. On application of an authorized fiduciary, a person entitled...

§ 64.2-779.7. Formalities - An exercise of the decanting power shall be made in...

§ 64.2-779.8. Decanting power under expanded distributive discretion - A. As used in this section: "Noncontingent right" means a...

§ 64.2-779.9. Decanting power under limited distributive discretion - A. As used in this section, "limited distributive discretion" means...

§ 64.2-779.10. Trust for beneficiary with disability - A. As used in this section: "Beneficiary with a disability"...

§ 64.2-779.11. Protection of charitable interest - A. As used in this section: "Determinable charitable interest" means...

§ 64.2-779.12. Trust limitation on decanting - A. An authorized fiduciary may not exercise the decanting power...

§ 64.2-779.13. Change in compensation - A. If a first-trust instrument specifies an authorized fiduciary's compensation,...

§ 64.2-779.14. Relief from liability and indemnification - A. Except as otherwise provided in this section, a second-trust...

§ 64.2-779.15. Removal or replacement of authorized fiduciary - An authorized fiduciary may not exercise the decanting power to...

§ 64.2-779.16. Tax-related provisions - A. As used in this section: "Grantor trust" means a...

§ 64.2-779.17. Duration of second trust - A. Subject to subsection B, a second trust may have...

§ 64.2-779.18. Need to distribute not required - An authorized fiduciary may exercise the decanting power whether or...

§ 64.2-779.19. Savings provision - A. If exercise of the decanting power would be effective...

§ 64.2-779.20. Trust for care of animal - A. As used in this section: "Animal trust" means a...

§ 64.2-779.21. Terms of second trust - A reference in this chapter to a trust instrument or...

§ 64.2-779.22. Settlor - A. For purposes of law of the Commonwealth other than...

§ 64.2-779.23. Later-discovered property - A. Except as otherwise provided in subsection C, if exercise...

§ 64.2-779.24. Obligations - A debt, liability, or other obligation enforceable against property of...

§ 64.2-779.25. Accountings - If accounts for the first trust are filed with the...

§ 64.2-779.26. Definitions - As used in this article, unless the context requires a...

§ 64.2-779.27. Application - A. Except as otherwise provided in subsection B and §...

§ 64.2-779.28. Exclusions - A. This article does not apply to a: 1. Power...

§ 64.2-779.29. Powers of trust director - A. Subject to § 64.2-779.30, the terms of a trust...

§ 64.2-779.30. Limitations on trust director - A trust director is subject to the same rules as...

§ 64.2-779.31. Duty and liability of trust director - A. Subject to subsection B, with respect to a power...

§ 64.2-779.32. Duty and liability of directed trustee - A. Subject to subsection B, a directed trustee shall take...

§ 64.2-779.33. Duty to provide information to trust director or trustee - A. Subject to § 64.2-779.34, a trustee shall provide information...

§ 64.2-779.34. No duty to monitor, inform, or advise - A. Unless the terms of a trust provide otherwise: 1....

§ 64.2-779.35. Limitation of action against trust director - A. An action against a trust director for breach of...

§ 64.2-779.36. Defenses in action against trust director - In an action against a trust director for breach of...

§ 64.2-779.37. Jurisdiction over trust director - A. By accepting appointment as a trust director of a...

§ 64.2-779.38. Office of trust director - Unless the terms of a trust provide otherwise, the rules...

§ 64.2-780. Definition of terms - As used in this article: "Controlling document" means the will,...

§ 64.2-781. Prudent investor rule - A. Except as otherwise provided in subsection B or §...

§ 64.2-782. Standard of care; portfolio strategy; risk and return objectives - A. A trustee shall invest and manage trust assets as...

§ 64.2-783. Diversification by trustee - A trustee shall diversify the investments of the trust unless...

§ 64.2-784. Duties at inception of trusteeship - Within a reasonable time after accepting a trusteeship or receiving...

§ 64.2-785. Loyalty and impartiality - A. A trustee shall invest and manage the trust assets...

§ 64.2-786. Investment costs - In investing and managing trust assets, a trustee may only...

§ 64.2-787. Reviewing compliance - Compliance with the prudent investor rule is determined in light...

§ 64.2-788. Delegation of investment and management functions - A. A trustee may delegate investment and management functions that...

§ 64.2-789. Language invoking standard of article - The following terms or comparable language in the provisions of...

§ 64.2-790. Application to existing trusts - This article applies to trusts existing on and created after...

§ 64.2-791. Uniformity of application and construction - This article shall be applied and construed to effectuate its...

§ 64.2-792. Remedies for breach of trust - A. A violation by a trustee of a duty the...

§ 64.2-793. Damages for breach of trust - A. A trustee who commits a breach of trust is...

§ 64.2-794. Damages in absence of breach - A. A trustee is accountable to an affected beneficiary for...

§ 64.2-795. Attorney fees and costs - In a judicial proceeding involving the administration of a trust,...

§ 64.2-796. Limitation of action against trustee - A. A beneficiary may not commence a proceeding against a...

§ 64.2-797. Reliance on trust instrument - A trustee who acts in reasonable reliance on the terms...

§ 64.2-798. Event affecting administration or distribution - If the happening of an event, including marriage, divorce, performance...

§ 64.2-799. Exculpation of trustee - A. A term of a trust relieving a trustee of...

§ 64.2-800. Beneficiary's consent, release, or ratification - A trustee is not liable to a beneficiary for breach...

§ 64.2-801. Limitation on personal liability of trustee - A. Except as otherwise provided in the contract, a trustee...

§ 64.2-802. Interest as general partner - A. Except as otherwise provided in subsection C or unless...

§ 64.2-803. Protection of person dealing with trustee - A. A person other than a beneficiary who in good...

§ 64.2-804. Certification of trust - A. Instead of furnishing a copy of the trust instrument...

§ 64.2-805. Uniformity of application and construction - In applying and construing this uniform act, consideration shall be...

§ 64.2-806. Electronic records and signatures - The provisions of this chapter governing the legal effect, validity,...

§ 64.2-807. Repealed - Repealed by Acts 2015, c. 709, cl. 2.

§ 64.2-808. Application to existing relationships - A. Except as otherwise provided in this chapter: 1. This...

Chapter 9 - Uniform Custodial Trust Act

§ 64.2-900. Definitions - As used in this chapter: "Adult" means an individual who...

§ 64.2-901. Custodial trust; creation and termination; general provisions - A. A person may create a custodial trust of property...

§ 64.2-902. Custodial trustee for future payment or transfer - A. A person having the right to designate the recipient...

§ 64.2-903. Form and effect of receipt and acceptance by custodial trustee; jurisdiction - A. Obligations of a custodial trustee, including the obligation to...

§ 64.2-904. Transfer to custodial trustee by fiduciary or obligor; facility of payment - A. Unless otherwise directed by an instrument designating a custodial...

§ 64.2-905. Multiple beneficiaries; separate custodial trusts; survivorship - A. Beneficial interests in a custodial trust created for multiple...

§ 64.2-906. General duties of custodial trustee - A. If appropriate, a custodial trustee shall register or record...

§ 64.2-907. General powers of custodial trustee - A. A custodial trustee, acting in a fiduciary capacity, has...

§ 64.2-908. Use of custodial trust property - A. A custodial trustee shall pay to the beneficiary or...

§ 64.2-909. Determination of incapacity; effect - A. The custodial trustee shall administer the custodial trust as...

§ 64.2-910. Exemption of third person from liability - A third person in good faith and without a court...

§ 64.2-911. Liability to third person; exceptions - A. A claim based on a contract entered into by...

§ 64.2-912. Declination, resignation, incapacity, death, or removal of custodial trustee; designation of successor - A. Before accepting the custodial trust property, a person designated...

§ 64.2-913. Expenses, compensation, and bond of custodial trustee - Except as otherwise provided in the instrument creating the custodial...

§ 64.2-914. Reporting and accounting by custodial trustee; determination of liability - A. Upon the acceptance of custodial trust property, the custodial...

§ 64.2-915. Limitations of action against custodial trustee - A. Except as otherwise provided in subsection C, unless previously...

§ 64.2-916. Distribution on termination - A. Upon termination of a custodial trust, the custodial trustee...

§ 64.2-917. Methods and forms for creating custodial trusts - A. If a transaction, including a declaration with respect to...

§ 64.2-918. Applicable law - A. This chapter applies to a transfer or declaration creating...

Chapter 10 - Uniform Principal and Income Act

§ 64.2-1000. Repealed - Repealed by Acts 2022, c. 354, cl. 2.

§ 64.2-1004. Repealed - Repealed by Acts 2022, c. 354, cl. 2.

§ 64.2-1006. Repealed - Repealed by Acts 2022, c. 354, cl. 2.

§ 64.2-1009. Repealed - Repealed by Acts 2022, c. 354, cl. 2.

§ 64.2-1012. Repealed - Repealed by Acts 2022, c. 354, cl. 2.

§ 64.2-1016. Repealed - Repealed by Acts 2022, c. 354, cl. 2.

§ 64.2-1024. Repealed - Repealed by Acts 2022, c. 354, cl. 2.

§ 64.2-1030. Repealed - Repealed by Acts 2022, c. 354, cl. 2.

Chapter 10.1 - Uniform Fiduciary Income and Principal Act

§ 64.2-1033. Definitions - As used in this chapter, unless the context requires a...

§ 64.2-1034. Scope - Except as otherwise provided in the terms of the trust...

§ 64.2-1035. Governing law - Except as otherwise provided in the terms of a trust...

§ 64.2-1036. Fiduciary duties; general principles - A. In making an allocation or determination or exercising discretion...

§ 64.2-1037. Judicial review of exercise of discretionary power; request for instruction - A. As used in this section, "fiduciary decision" means: 1....

§ 64.2-1038. Fiduciary's power to adjust - A. Except as otherwise provided in the terms of a...

§ 64.2-1039. Definitions - As used in this article, unless the context requires a...

§ 64.2-1040. Application; duties and remedies - A. Except as otherwise provided in subsection B, this article...

§ 64.2-1041. Authority of fiduciary - A. A fiduciary, without court approval, by complying with subsections...

§ 64.2-1042. Notice - A. A notice required by subdivision B 2 of §...

§ 64.2-1043. Unitrust policy - A. In administering a unitrust under this article, a fiduciary...

§ 64.2-1044. Unitrust rate - A. Except as otherwise provided in subdivision B 1 of...

§ 64.2-1045. Applicable value - A. A unitrust policy must provide the method for determining...

§ 64.2-1046. Period - A. A unitrust policy must provide the period used under...

§ 64.2-1047. Special tax benefits; other rules - A. A unitrust policy may: 1. Provide methods and standards...

§ 64.2-1048. Character of receipts from entity - A. As used in this section: "Capital distribution" means an...

§ 64.2-1049. Distribution from trust or estate - A fiduciary shall allocate to income an amount received as...

§ 64.2-1050. Business or other activity conducted by fiduciary - A. This section applies to a business or other activity...

§ 64.2-1051. Principal receipts - A fiduciary shall allocate to principal: 1. To the extent...

§ 64.2-1052. Rental property - To the extent a fiduciary does not account for the...

§ 64.2-1053. Receipt on obligation to be paid in money - A. This section does not apply to an obligation to...

§ 64.2-1054. Insurance policy or contract - A. This section does not apply to a contract to...

§ 64.2-1055. Insubstantial allocation not required - A. If a fiduciary determines that an allocation between income...

§ 64.2-1056. Deferred compensation, annuity, or similar payment - A. As used in this section: "Internal income of a...

§ 64.2-1057. Liquidating asset - A. As used in this section, "liquidating asset" means an...

§ 64.2-1058. Minerals, water, and other natural resources - A. To the extent a fiduciary does not account for...

§ 64.2-1059. Timber - A. To the extent a fiduciary does not account for...

§ 64.2-1060. Marital deduction property not productive of income - A. If a trust received property for which a gift...

§ 64.2-1061. Derivative or option - A. As used in this section, "derivative" means a contract,...

§ 64.2-1062. Asset-backed security - A. Except as otherwise provided in subsection B, a fiduciary...

§ 64.2-1063. Other financial instrument or arrangement - A fiduciary shall allocate receipts from or related to a...

§ 64.2-1064. Disbursement from income - Subject to § 64.2-1067, and except as otherwise provided in...

§ 64.2-1065. Disbursement from principal - A. Subject to § 64.2-1068, and except as otherwise provided...

§ 64.2-1066. Transfer from income to principal for depreciation - A. As used in this section, "depreciation" means a reduction...

§ 64.2-1067. Reimbursement of income from principal - A. If a fiduciary makes or expects to make an...

§ 64.2-1068. Reimbursement of principal from income - A. If a fiduciary makes or expects to make a...

§ 64.2-1069. Income taxes - A. A tax required to be paid by a fiduciary...

§ 64.2-1070. Adjustment between income and principal because of taxes - A. A fiduciary may make an adjustment between income and...

§ 64.2-1071. Determination and distribution of net income - A. This section applies when: 1. The death of an...

§ 64.2-1072. Distribution to successor beneficiary - A. Except to the extent Article 3 (§ 64.2-1039 et...

§ 64.2-1073. When right to income begins and ends - A. An income beneficiary is entitled to net income in...

§ 64.2-1074. Apportionment of receipts and disbursements when decedent dies or income interest begins - A. A fiduciary shall allocate an income receipt or disbursement,...

§ 64.2-1075. Apportionment when income interest ends - A. As used in this section, "undistributed income" means net...

§ 64.2-1076. Uniformity of application and construction - In applying and construing this uniform act, consideration must be...

§ 64.2-1077. Relation to Electronic Signatures in Global and National Commerce Act - This chapter modifies, limits, or supersedes the Electronic Signatures in...

§ 64.2-1078. Application to trust or estate - This chapter applies to a trust or estate existing or...

Chapter 11 - Uniform Prudent Management of Institutional Funds Act

§ 64.2-1100. Definitions - In this chapter: "Charitable purpose" means the relief of poverty,...

§ 64.2-1101. Standard of conduct in managing and investing institutional fund - A. Subject to the intent of a donor expressed in...

§ 64.2-1102. Appropriation for expenditure or accumulation of endowment fund; rules of construction - A. Subject to the intent of a donor expressed in...

§ 64.2-1103. Delegation of management and investment functions - A. Subject to any specific limitation set forth in a...

§ 64.2-1104. Release or modification of restrictions on management, investment, or purpose - A. If the donor consents in a record, an institution...

§ 64.2-1105. Reviewing compliance - Compliance with this chapter is determined in light of the...

§ 64.2-1106. Application to existing institutional funds - This chapter applies to institutional funds existing on or established...

§ 64.2-1107. Relation to Electronic Signatures in Global and National Commerce Act - This chapter modifies, limits, and supersedes the Electronic Signatures in...

§ 64.2-1108. Uniformity of application and construction - In applying and construing this uniform act, consideration shall be...

Chapter 12 - Commissioners of Accounts

§ 64.2-1200. Commissioners of accounts - A. The judges of each circuit court shall appoint as...

§ 64.2-1201. Appointment of assistant commissioners of accounts; duties and powers - The judges of each circuit court may appoint, in addition...

§ 64.2-1202. Appointment of deputy commissioners of accounts in certain cities and counties; duties and powers - In any city or county having a population in excess...

§ 64.2-1203. Subpoena powers of commissioners of accounts, assistants, and deputies; penalty - Commissioners of accounts, assistant commissioners of accounts, and deputy commissioners...

§ 64.2-1204. Commissioners of accounts to examine and report on bonds and whether fiduciaries should be removed - A. When any fiduciary, other than a sheriff or other...

§ 64.2-1205. Commissioners of accounts to inspect and file inventories with clerks - The commissioner shall inspect all inventories returned to him by...

§ 64.2-1206. Settlement of fiduciaries' accounts - Every fiduciary referred to in this part shall account before...

§ 64.2-1207. Settlement for year to include unsettled portion of preceding year - When a commissioner of accounts has the account of a...

§ 64.2-1208. Expenses and commissions allowed fiduciaries - A. In stating and settling the account, the commissioner of...

§ 64.2-1209. Who may insist or object before commissioner of accounts - Any interested person, or the next friend of an interested...

§ 64.2-1210. Accounts and debts and demands to be reported - The commissioner of accounts shall report every account stated under...

§ 64.2-1211. Where filed; notice to certain parties - The commissioner of accounts shall file the report in the...

§ 64.2-1212. Exceptions to report; examination, correction, and confirmation - A. If no exceptions have been filed, the report shall...

§ 64.2-1213. Effect of confirmation of report - The report, to the extent to which it is confirmed...

§ 64.2-1214. Recordation of report - The clerk shall record every report so confirmed, whether by...

§ 64.2-1215. Power of commissioner of accounts to enforce the filing of inventories - A. If any fiduciary fails to make the return required...

§ 64.2-1216. Failure to account; enforcement - A. If any fiduciary required to account fails to make...

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Code of Virginia Title 64.2 - Wills, Trusts, and Fiduciaries

Code of Virginia
Title 64.2 - Wills, Trusts, and Fiduciaries