Uniform Custodial Trust Act
This is Chapter 9 of the Code of Virginia, titled “Uniform Custodial Trust Act.” It is part of Title 64.2, titled “Wills, Trusts, And Fiduciaries.” It is part of Subtitle III, titled “Trusts.” It’s comprised of the following 17 sections.
- § 64.2-900
- Definitions
- § 64.2-901
- Custodial trust; creation and termination; general provisions
- § 64.2-902
- Custodial trustee for future payment or transfer
- § 64.2-904
- Transfer to custodial trustee by fiduciary or obligor; facility of payment
- § 64.2-905
- Multiple beneficiaries; separate custodial trusts; survivorship
- § 64.2-906
- General duties of custodial trustee
- § 64.2-907
- General powers of custodial trustee
- § 64.2-908
- Use of custodial trust property
- § 64.2-909
- Determination of incapacity; effect
- § 64.2-910
- Exemption of third person from liability
- § 64.2-911
- Liability to third person; exceptions
- § 64.2-912
- Declination, resignation, incapacity, death, or removal of custodial trustee; designation of successor
- § 64.2-913
- Expenses, compensation, and bond of custodial trustee
- § 64.2-914
- Reporting and accounting by custodial trustee; determination of liability
- § 64.2-915
- Limitations of action against custodial trustee
- § 64.2-916
- Distribution on termination
- § 64.2-918
- Applicable law