2006 Code of Virginia § 55-548.01 - Duty to administer trust and invest.
55-548.01. Duty to administer trust and invest.
Upon acceptance of a trusteeship, the trustee shall administer the trust andinvest trust assets in good faith, in accordance with its terms and purposesand the interests of the beneficiaries, and in accordance with this chapter.In administering, managing and investing trust assets, the trustee shallcomply with the provisions of the Uniform Prudent Investor Act ( 26-45.3 etseq.) and the Uniform Principal and Income Act ( 55-277.1 et seq.).
(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.
