2010 Code of Virginia
Title 55 - PROPERTY AND CONVEYANCES.
Chapter 31 - Uniform Trust Code (55-541.01 thru 55-551.06)
55-541.10 - Others treated as qualified beneficiaries.
§ 55-541.10. Others treated as qualified beneficiaries.
A. Whenever notice to qualified beneficiaries of a trust is required under this chapter, the trustee shall also give notice to any other beneficiary who has sent the trustee a request for notice.
B. A charitable organization expressly designated to receive distributions under the terms of a charitable trust has the rights of a qualified beneficiary under this chapter if the charitable organization, on the date of the charitable organization's qualification is being determined:
1. Is a distributee or permissible distributee of trust income or principal;
2. Would be a distributee or permissible distributee of trust income or principal upon the termination of the interests of other distributees or permissible distributees then receiving or eligible to receive distributions; or
3. Would be a distributee or permissible distributee of trust income or principal if the trust terminated on that date.
C. A person appointed to enforce a trust created for the care of an animal or another noncharitable purpose as provided in § 55-544.08 or 55-544.09 has the rights of a qualified beneficiary under this chapter.
D. The attorney general of the Commonwealth has the rights of a qualified beneficiary with respect to a charitable trust having its principal place of administration in the Commonwealth but need not be given notices or information required under §§ 55-547.05 and 55-548.13 unless otherwise requested.
(2005, c. 935.)
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