There is a newer version of the Code of Virginia
2013 Code of Virginia
Title 64.2 - WILLS, TRUSTS, AND FIDUCIARIES.
Chapter 7 - Uniform Trust Code
- Section 64.2-700 - Scope.
- Section 64.2-701 - Definitions.
- Section 64.2-702 - Knowledge.
- Section 64.2-703 - Default and mandatory rules.
- Section 64.2-704 - Common law of trusts; principles of equity.
- Section 64.2-705 - Governing law.
- Section 64.2-706 - Principal place of administration.
- Section 64.2-707 - Methods and waiver of notice.
- Section 64.2-708 - Others treated as qualified beneficiaries.
- Section 64.2-709 - Nonjudicial settlement agreements.
- Section 64.2-710 - Role of court in administration of trust.
- Section 64.2-711 - Jurisdiction over trustee and beneficiary.
- Section 64.2-712 - Proceedings to appoint or remove trustees.
- Section 64.2-713 - Pleadings; parties; orders; notice.
- Section 64.2-714 - Representation; basic effect.
- Section 64.2-715 - Representation by holder of general testamentary power of appointment.
- Section 64.2-716 - Representation by fiduciaries and parents or other ancestors.
- Section 64.2-717 - Representation by person having substantially identical interest.
- Section 64.2-718 - Appointment of representative.
- Section 64.2-719 - Methods of creating trust
- Section 64.2-720 - Requirements for creation.
- Section 64.2-721 - Trusts created in other jurisdictions.
- Section 64.2-722 - Trust purposes.
- Section 64.2-723 - Charitable purposes; enforcement.
- Section 64.2-724 - Creation of trust induced by fraud, duress, or undue influence.
- Section 64.2-725 - Evidence of oral trust.
- Section 64.2-726 - Trust for care of animal.
- Section 64.2-727 - Noncharitable trust without ascertainable beneficiary.
- Section 64.2-728 - Modification or termination of trust; proceedings for approval or disapproval.
- Section 64.2-729 - Modification or termination of noncharitable irrevocable trust by consent.
- Section 64.2-730 - Modification or termination because of unanticipated circumstances or inability to administer trus...
- Section 64.2-731 - Cy pres.
- Section 64.2-732 - Modification or termination of uneconomic trust.
- Section 64.2-733 - Reformation to correct mistakes.
- Section 64.2-734 - Modification to achieve settlor's tax objectives.
- Section 64.2-735 - Combination and division of trusts.
- Section 64.2-736 - Amendment of trust where gift, grant, or will establishes private foundation or constitutes a chari...
- Section 64.2-737 - Distribution of income of trust that is a private foundation or a charitable trust; prohibitions a...
- Section 64.2-738 - Prohibitions as to trust that is deemed a split-interest trust.
- Section 64.2-739 - Application of {{ 64.2-737 and 64.2-738.
- Section 64.2-740 - Interpretation of references to Internal Revenue Code in {{ 64.2-736 through 64.2-739.
- Section 64.2-741 - Powers of courts not impaired by {{ 64.2-736 through 64.2-740; severability.
- Section 64.2-742 - Rights of beneficiary's creditor or assignee.
- Section 64.2-743 - Spendthrift provision.
- Section 64.2-744 - Exceptions to spendthrift provision.
- Section 64.2-745 - Certain claims for reimbursement for public assistance.
- Section 64.2-745.1 - Self-settled spendthrift trusts.
- Section 64.2-745.2 - Definitions; vacancies; right to withdraw.
- Section 64.2-746 - Discretionary trusts; effect of standard.
- Section 64.2-747 - Creditor's claim against settlor
- Section 64.2-748 - Overdue distribution.
- Section 64.2-749 - Personal obligations of trustee.
- Section 64.2-750 - Capacity of settlor of revocable trust.
- Section 64.2-751 - Revocation or amendment of revocable trust.
- Section 64.2-752 - Settlor's powers; powers of withdrawal.
- Section 64.2-753 - Limitation on action contesting validity of revocable trust; distribution of trust property...
- Section 64.2-754 - Accepting or declining trusteeship.
- Section 64.2-755 - Trustee's bond.
- Section 64.2-756 - Cotrustees.
- Section 64.2-757 - Vacancy in trusteeship; appointment of successor.
- Section 64.2-758 - Resignation of trustee.
- Section 64.2-759 - Removal of trustee.
- Section 64.2-760 - Delivery of property by former trustee.
- Section 64.2-761 - Compensation of trustee.
- Section 64.2-762 - Reimbursement of expenses.
- Section 64.2-763 - Duty to administer trust and invest.
- Section 64.2-764 - Duty of loyalty.
- Section 64.2-765 - Impartiality.
- Section 64.2-766 - Prudent administration.
- Section 64.2-767 - Costs of administration.
- Section 64.2-768 - Trustee's skills.
- Section 64.2-769 - Delegation by trustee.
- Section 64.2-770 - Powers to direct.
- Section 64.2-771 - Control and protection of trust property.
- Section 64.2-772 - Recordkeeping and identification of trust property.
- Section 64.2-773 - Enforcement and defense of claims.
- Section 64.2-774 - Collecting trust property.
- Section 64.2-775 - Duty to inform and report.
- Section 64.2-776 - Discretionary powers; tax savings
- Section 64.2-777 - General powers of trustee.
- Section 64.2-778 - Specific powers of trustee.
- Section 64.2-778.1 - Trustee's special power to appoint to a second trust.
- Section 64.2-779 - Distribution upon termination.
- Section 64.2-780 - Definition of terms.
- Section 64.2-781 - Prudent investor rule.
- Section 64.2-782 - Standard of care; portfolio strategy; risk and return objectives.
- Section 64.2-783 - Diversification by trustee.
- Section 64.2-784 - Duties at inception of trusteeship.
- Section 64.2-785 - Loyalty and impartiality.
- Section 64.2-786 - Investment costs.
- Section 64.2-787 - Reviewing compliance.
- Section 64.2-788 - Delegation of investment and management functions.
- Section 64.2-789 - Language invoking standard of article.
- Section 64.2-790 - Application to existing trusts.
- Section 64.2-791 - Uniformity of application and construction.
- Section 64.2-792 - Remedies for breach of trust.
- Section 64.2-793 - Damages for breach of trust.
- Section 64.2-794 - Damages in absence of breach.
- Section 64.2-795 - Attorney fees and costs.
- Section 64.2-796 - Limitation of action against trustee.
- Section 64.2-797 - Reliance on trust instrument.
- Section 64.2-798 - Event affecting administration or distribution.
- Section 64.2-799 - Exculpation of trustee.
- Section 64.2-800 - Beneficiary's consent, release, or ratification.
- Section 64.2-801 - Limitation on personal liability of trustee.
- Section 64.2-802 - Interest as general partner.
- Section 64.2-803 - Protection of person dealing with trustee.
- Section 64.2-804 - Certification of trust.
- Section 64.2-805 - Uniformity of application and construction.
- Section 64.2-806 - Electronic records and signatures.
- Section 64.2-807 - Severability clause.
- Section 64.2-808 - Application to existing relationships.
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