2006 Code of Virginia § 55-550.09 - Beneficiary\'s consent, release, or ratification.
55-550.09. Beneficiary's consent, release, or ratification.
A trustee is not liable to a beneficiary for breach of trust if thebeneficiary consented to the conduct constituting the breach, released thetrustee from liability for the breach, or ratified the transactionconstituting the breach, unless:
1. The consent, release, or ratification of the beneficiary was induced byimproper conduct of the trustee; or
2. At the time of the consent, release, or ratification, the beneficiary didnot know of the beneficiary's rights or of the material facts relating to thebreach.
(2005, c. 935.)
Disclaimer: These codes may not be the most recent version. Virginia may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
