2006 Code of Virginia § 55-548.10 - Recordkeeping and identification of trust property.
55-548.10. Recordkeeping and identification of trust property.
A. A trustee shall keep adequate records of the administration of the trust.
B. A trustee shall keep trust property separate from the trustee's ownproperty.
C. Except as otherwise provided in subsection D, a trustee shall cause thetrust property to be designated so that the interest of the trust, to theextent feasible, appears in records maintained by a party other than atrustee or beneficiary.
D. If the trustee maintains records clearly indicating the respectiveinterests, a trustee may invest as a whole the property of two or moreseparate trusts.
(2005, c. 935.)
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