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