Appointment, Qualification, Resignation, And Removal Of Fiduciaries.
This is Article 1 of the Code of Virginia, titled “Appointment, Qualification, Resignation, And Removal Of Fiduciaries..” It is part of Title 64.2, titled “Wills, Trusts, And Fiduciaries.” It is part of Subtitle IV, titled “Fiduciaries And Guardians.” It is part of Part A, titled “Fiduciaries.” It is part of Chapter 14, titled “Fiduciaries Generally.” It’s comprised of the following 26 sections.
- § 64.2-1400
- Authority to qualify trustee; necessity for security; notice of qualification; qualification by less than all of trustees named
- § 64.2-1401
- Jurisdiction for qualification of testamentary trustee; qualification and bond; when surety not required
- § 64.2-1402
- Jurisdiction for qualification of certain testamentary trustees and trustees generally
- § 64.2-1403
- Qualification of trustees
- § 64.2-1404
- New fiduciary appointed when authority of former revoked
- § 64.2-1405
- Court may appoint trustee in place of one named in will, deed, or other writing; management by corporate trustee outside of the Commonwealth
- § 64.2-1406
- Notice required; certain substitutions validated
- § 64.2-1407
- Who to execute the trust until new trustee appointed
- § 64.2-1408
- Circuit court may exercise same powers in suit to enforce or administer trust
- § 64.2-1409
- Information to be provided to clerk by fiduciary
- § 64.2-1410
- When court may require new bond or revoke authority; giving new bond upon motion of fiduciary, surety, or other party in interest
- § 64.2-1411
- When fiduciary may qualify without security; requirements for issuance of certificates of qualification; payments
- § 64.2-1412
- How trustee required to give bond; when to be removed and another appointed
- § 64.2-1413
- Placing certain trust assets in designated financial institutions; waiver or reduction of bond of fiduciary
- § 64.2-1414
- Effect of orders of qualification of bank as committee or guardian
- § 64.2-1415
- Liability for losses by negligence or failure to make defense
- § 64.2-1416
- Liability of fiduciary for actions of cofiduciary
- § 64.2-1417
- How judgment may be entered against personal representative, conservator, or committee
- § 64.2-1418
- Court order for payments due from fiduciaries; effect
- § 64.2-1419
- Execution of fiduciary bond or appointment of agent designates clerk as attorney for service of process
- § 64.2-1420
- Clerk to mail notice, process, or rule to person served
- § 64.2-1421
- What judgment or decree based upon service upon clerk shall specifically adjudicate
- § 64.2-1422
- Environmental liability of fiduciaries
- § 64.2-1423
- Trustee not disqualified due to status as stockholder, employee, or officer of corporate noteholder; sale of property by trustee not voidable
- § 64.2-1424
- Resignation by fiduciary of his trust
- § 64.2-1425
- How securities transferred to successor