Duties And Powers Of Trustee.
This is Article 8 of the Code of Virginia, titled “Duties And Powers Of Trustee..” 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 18 sections.
- § 64.2-763
- Duty to administer trust and invest
- § 64.2-764
- Duty of loyalty
- § 64.2-765
- Impartiality
- § 64.2-766
- Prudent administration
- § 64.2-767
- Costs of administration
- § 64.2-768
- Trustee's skills
- § 64.2-769
- Delegation by trustee
- § 64.2-770
- Powers to direct
- § 64.2-771
- Control and protection of trust property
- § 64.2-772
- Recordkeeping and identification of trust property
- § 64.2-773
- Enforcement and defense of claims
- § 64.2-774
- Collecting trust property
- § 64.2-775
- Duty to inform and report
- § 64.2-776
- Discretionary powers; tax savings
- § 64.2-777
- General powers of trustee
- § 64.2-778
- Specific powers of trustee
- § 64.2-778.1
- Trustee's special power to appoint to a second trust
- § 64.2-779
- Distribution upon termination