{"law_id":"775950","section_number":"64.2-1905","catch_line":"Other transfer by fiduciary","history":"1988, c. 516, \u00a7 31-42; 2012, c. 614; 2014, c. 532.","order_by":null,"metadata":false,"court_decisions":{},"official_url":"http:\/\/law.lis.virginia.gov\/vacode\/64.2-1905\/","refers_to":false,"url":"\/64.2-1905\/","token":"64.2\/IV\/C\/19\/64.2-1905","structure":{"1":{"id":"1176","name":"Virginia Uniform Transfers To Minors Act","identifier":"19","label":"chapter","url":"\/64.2\/IV\/C\/19\/"},"2":{"id":"1175","name":"Guardianship Of Minor.","identifier":"C","label":"part","url":"\/64.2\/IV\/C\/"},"3":{"id":"366","name":"Fiduciaries And Guardians","identifier":"IV","label":"subtitle","url":"\/64.2\/IV\/"},"4":{"id":"212","name":"Wills, Trusts, And Fiduciaries","identifier":"64.2","label":"title","url":"\/64.2\/"}},"referred_to_by":[{"id":"788563","section_number":"64.2-1906","catch_line":"Transfer by obligor","url":"\/64.2-1906\/"}],"edition_id":"11","section_id":"775950","structure_id":"1176","full_text":"A Subject to subsection C, a personal representative or trustee may make an irrevocable transfer to an adult or trust company as custodian for the benefit of a minor pursuant to \u00a7 64.2-1908 in the absence of a will or under a will or trust that does not contain an authorization to do so.\r\rB Subject to subsection C, a conservator may make an irrevocable transfer to an adult or trust company as custodian for the benefit of the minor pursuant to \u00a7 64.2-1908.\r\rC A transfer under either subsection A or B may be made only if (i) the personal representative, trustee, or conservator considers the transfer to be in the best interest of the minor, (ii) the transfer is not prohibited by or inconsistent with provisions of the applicable will, trust agreement, or other governing instrument, and (iii) the transfer is authorized by the court if it exceeds $ 25,000 in value or is made by a conservator.\r\r","text":{"0":{"id":"2502085","text":"Subject to subsection C, a personal representative or trustee may make an irrevocable transfer to an adult or trust company as custodian for the benefit of a minor pursuant to \u00a7 64.2-1908 in the absence of a will or under a will or trust that does not contain an authorization to do so.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1},"1":{"id":"2502086","text":"Subject to subsection C, a conservator may make an irrevocable transfer to an adult or trust company as custodian for the benefit of the minor pursuant to \u00a7 64.2-1908.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1},"2":{"id":"2502087","text":"A transfer under either subsection A or B may be made only if (i) the personal representative, trustee, or conservator considers the transfer to be in the best interest of the minor, (ii) the transfer is not prohibited by or inconsistent with provisions of the applicable will, trust agreement, or other governing instrument, and (iii) the transfer is authorized by the court if it exceeds $ 25,000 in value or is made by a conservator.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1}},"ancestry":{"1":{"id":"1176","name":"Virginia Uniform Transfers To Minors Act","identifier":"19","label":"chapter","url":"\/64.2\/IV\/C\/19\/"},"2":{"id":"1175","name":"Guardianship Of Minor.","identifier":"C","label":"part","url":"\/64.2\/IV\/C\/"},"3":{"id":"366","name":"Fiduciaries And Guardians","identifier":"IV","label":"subtitle","url":"\/64.2\/IV\/"},"4":{"id":"212","name":"Wills, Trusts, And Fiduciaries","identifier":"64.2","label":"title","url":"\/64.2\/"}},"structure_contents":{"0":{"id":"779408","structure_id":"1176","section_number":"64.2-1900","catch_line":"Definitions","url":"\/64.2-1900\/","token":"64.2\/IV\/C\/19\/64.2-1900"},"1":{"id":"792121","structure_id":"1176","section_number":"64.2-1901","catch_line":"Scope and jurisdiction","url":"\/64.2-1901\/","token":"64.2\/IV\/C\/19\/64.2-1901"},"2":{"id":"773660","structure_id":"1176","section_number":"64.2-1902","catch_line":"Nomination of custodian","url":"\/64.2-1902\/","token":"64.2\/IV\/C\/19\/64.2-1902"},"3":{"id":"792194","structure_id":"1176","section_number":"64.2-1903","catch_line":"Transfer by gift or exercise of power of appointment","url":"\/64.2-1903\/","token":"64.2\/IV\/C\/19\/64.2-1903"},"4":{"id":"783031","structure_id":"1176","section_number":"64.2-1904","catch_line":"Transfer authorized by will or trust","url":"\/64.2-1904\/","token":"64.2\/IV\/C\/19\/64.2-1904"},"5":{"id":"775950","structure_id":"1176","section_number":"64.2-1905","catch_line":"Other transfer by fiduciary","url":"\/64.2-1905\/","token":"64.2\/IV\/C\/19\/64.2-1905"},"6":{"id":"788563","structure_id":"1176","section_number":"64.2-1906","catch_line":"Transfer by obligor","url":"\/64.2-1906\/","token":"64.2\/IV\/C\/19\/64.2-1906"},"7":{"id":"785115","structure_id":"1176","section_number":"64.2-1907","catch_line":"Receipt for custodial property","url":"\/64.2-1907\/","token":"64.2\/IV\/C\/19\/64.2-1907"},"8":{"id":"766041","structure_id":"1176","section_number":"64.2-1909","catch_line":"Single and joint custodians","url":"\/64.2-1909\/","token":"64.2\/IV\/C\/19\/64.2-1909"},"9":{"id":"791361","structure_id":"1176","section_number":"64.2-1910","catch_line":"Validity and effect of transfer","url":"\/64.2-1910\/","token":"64.2\/IV\/C\/19\/64.2-1910"},"10":{"id":"794702","structure_id":"1176","section_number":"64.2-1912","catch_line":"Powers of custodian","url":"\/64.2-1912\/","token":"64.2\/IV\/C\/19\/64.2-1912"},"11":{"id":"773126","structure_id":"1176","section_number":"64.2-1913","catch_line":"Use of custodial property","url":"\/64.2-1913\/","token":"64.2\/IV\/C\/19\/64.2-1913"},"12":{"id":"783284","structure_id":"1176","section_number":"64.2-1914","catch_line":"Custodian's expenses, compensation, and bond","url":"\/64.2-1914\/","token":"64.2\/IV\/C\/19\/64.2-1914"},"13":{"id":"790253","structure_id":"1176","section_number":"64.2-1915","catch_line":"Exemption of third person from liability","url":"\/64.2-1915\/","token":"64.2\/IV\/C\/19\/64.2-1915"},"14":{"id":"791154","structure_id":"1176","section_number":"64.2-1916","catch_line":"Liability to third persons","url":"\/64.2-1916\/","token":"64.2\/IV\/C\/19\/64.2-1916"},"15":{"id":"788290","structure_id":"1176","section_number":"64.2-1917","catch_line":"Renunciation, resignation, death, or removal of custodian; designation of successor custodian","url":"\/64.2-1917\/","token":"64.2\/IV\/C\/19\/64.2-1917"},"16":{"id":"773926","structure_id":"1176","section_number":"64.2-1918","catch_line":"Accounting by and determination of liability of custodian","url":"\/64.2-1918\/","token":"64.2\/IV\/C\/19\/64.2-1918"},"17":{"id":"784532","structure_id":"1176","section_number":"64.2-1919","catch_line":"Termination of custodianship","url":"\/64.2-1919\/","token":"64.2\/IV\/C\/19\/64.2-1919"},"18":{"id":"772909","structure_id":"1176","section_number":"64.2-1920","catch_line":"Applicability","url":"\/64.2-1920\/","token":"64.2\/IV\/C\/19\/64.2-1920"},"19":{"id":"769949","structure_id":"1176","section_number":"64.2-1921","catch_line":"Effect on existing custodianships","url":"\/64.2-1921\/","token":"64.2\/IV\/C\/19\/64.2-1921"},"20":{"id":"774936","structure_id":"1176","section_number":"64.2-1922","catch_line":"Uniformity of application and construction","url":"\/64.2-1922\/","token":"64.2\/IV\/C\/19\/64.2-1922"}},"previous_section":{"id":"783031","structure_id":"1176","section_number":"64.2-1904","catch_line":"Transfer authorized by will or trust","url":"\/64.2-1904\/","token":"64.2\/IV\/C\/19\/64.2-1904"},"next_section":{"id":"788563","structure_id":"1176","section_number":"64.2-1906","catch_line":"Transfer by obligor","url":"\/64.2-1906\/","token":"64.2\/IV\/C\/19\/64.2-1906"},"references":false,"formats":{"txt":"\/64.2-1905.txt","json":"\/64.2-1905.json","xml":"\/64.2-1905.xml"},"dublin_core":{"Title":"Other transfer by fiduciary","Type":"Text","Format":"text\/html","Identifier":"\u00a7 64.2-1905","Relation":"Code of Virginia"},"plain_text":"                                 CODE OF VIRGINIA\n\nOTHER TRANSFER BY FIDUCIARY (\u00a7 64.2-1905)\n\nA. Subject to subsection C, a personal representative or trustee may make an\nirrevocable transfer to an adult or trust company as custodian for the benefit\nof a minor pursuant to \u00a7 64.2-1908 in the absence of a will or under a will or\ntrust that does not contain an authorization to do so.\n\nB. Subject to subsection C, a conservator may make an irrevocable transfer to an\nadult or trust company as custodian for the benefit of the minor pursuant to \u00a7\n64.2-1908.\n\nC. A transfer under either subsection A or B may be made only if (i) the\npersonal representative, trustee, or conservator considers the transfer to be in\nthe best interest of the minor, (ii) the transfer is not prohibited by or\ninconsistent with provisions of the applicable will, trust agreement, or other\ngoverning instrument, and (iii) the transfer is authorized by the court if it\nexceeds $ 25,000 in value or is made by a conservator.\n\nHISTORY: 1988, c. 516, \u00a7 31-42; 2012, c. 614; 2014, c. 532."}