Creation, Validity, Modification, And Termination Of Trust.
This is Article 4 of the Code of Virginia, titled “Creation, Validity, Modification, And Termination Of Trust..” It is part of Title 64.2, titled “Wills, Trusts, And Fiduciaries.” It is part of Subtitle III, titled “Trusts.” It is part of Chapter 7, titled “Uniform Trust Code.” It’s comprised of the following 23 sections.
- § 64.2-719
- Methods of creating trust
- § 64.2-720
- Requirements for creation
- § 64.2-721
- Trusts created in other jurisdictions
- § 64.2-722
- Trust purposes
- § 64.2-723
- Charitable purposes; enforcement
- § 64.2-724
- Creation of trust induced by fraud, duress, or undue influence
- § 64.2-725
- Evidence of oral trust
- § 64.2-726
- Trust for care of animal
- § 64.2-727
- Noncharitable trust without ascertainable beneficiary
- § 64.2-728
- Modification or termination of trust; proceedings for approval or disapproval
- § 64.2-729
- Modification or termination of noncharitable irrevocable trust by consent
- § 64.2-730
- Modification or termination because of unanticipated circumstances or inability to administer trust effectively
- § 64.2-731
- Cy pres
- § 64.2-732
- Modification or termination of uneconomic trust
- § 64.2-733
- Reformation to correct mistakes
- § 64.2-734
- Modification to achieve settlor's tax objectives
- § 64.2-735
- Combination and division of trusts
- § 64.2-736
- Amendment of trust where gift, grant, or will establishes private foundation or constitutes a charitable trust or a split-interest trust
- § 64.2-737
- Distribution of income of trust that is a private foundation or a charitable trust; prohibitions as to such private foundation
- § 64.2-738
- Prohibitions as to trust that is deemed a split-interest trust
- § 64.2-739
- Application of §§ 64.2-737 and 64.2-738
- § 64.2-740
- Interpretation of references to Internal Revenue Code in §§ 64.2-736 through 64.2-739
- § 64.2-741
- Powers of courts not impaired by §§ 64.2-736 through 64.2-740