CODE OF VIRGINIA

DUTY TO ADMINISTER TRUST AND INVEST (§ 64.2-763)

Upon acceptance of a trusteeship, the trustee shall administer the trust and
invest trust assets in good faith, in accordance with its terms and purposes and
the interests of the beneficiaries, and in accordance with this chapter. In
administering, managing and investing trust assets, the trustee shall comply
with the provisions of the Uniform Prudent Investor Act (§ 64.2-780 et seq.)
and the Uniform Principal and Income Act (§ 64.2-1000 et seq.).

HISTORY: 2005, c. 935, § 55-548.01; 2012, c. 614.