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Uniform Trust Code
Law
Code of Virginia
Wills, Trusts, and Fiduciaries
Uniform Trust Code
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Section
64.2-700
Scope
Section
64.2-701
Definitions
Section
64.2-702
Knowledge
Section
64.2-703
Default and mandatory rules
Section
64.2-704
Common law of trusts; principles of equity
Section
64.2-705
Governing law
Section
64.2-706
Principal place of administration
Section
64.2-707
Methods and waiver of notice
Section
64.2-708
Others treated as qualified beneficiaries
Section
64.2-709
Nonjudicial settlement agreements
Section
64.2-710
Role of court in administration of trust
Section
64.2-711
Jurisdiction over trustee and beneficiary
Section
64.2-712
Proceedings to appoint or remove trustees
Section
64.2-713
Pleadings; parties; orders; notice
Section
64.2-714
Representation; basic effect
Section
64.2-715
Representation by holder of general testamentary power of appointment
Section
64.2-716
Representation by fiduciaries and parents or other ancestors
Section
64.2-717
Representation by person having substantially identical interest
Section
64.2-718
Appointment of representative
Section
64.2-719
Methods of creating trust
Section
64.2-720
Requirements for creation
Section
64.2-721
Trusts created in other jurisdictions
Section
64.2-722
Trust purposes
Section
64.2-723
Charitable purposes; enforcement
Section
64.2-724
Creation of trust induced by fraud, duress, or undue influence
Section
64.2-725
Evidence of oral trust
Section
64.2-726
Trust for care of animal
Section
64.2-727
Noncharitable trust without ascertainable beneficiary
Section
64.2-728
Modification or termination of trust; proceedings for approval or disapproval
Section
64.2-729
Modification or termination of noncharitable irrevocable trust by consent
Section
64.2-730
Modification or termination because of unanticipated circumstances or inability to administer trust effectively
Section
64.2-731
Cy pres
Section
64.2-732
Modification or termination of uneconomic trust
Section
64.2-733
Reformation to correct mistakes
Section
64.2-734
Modification to achieve settlor's tax objectives
Section
64.2-735
Combination and division of trusts
Section
64.2-736
Amendment of trust where gift, grant, or will establishes private foundation or constitutes a charitable trust or a split-interest trust
Section
64.2-737
Distribution of income of trust that is a private foundation or a charitable trust; prohibitions as to such private foundation
Section
64.2-738
Prohibitions as to trust that is deemed a split-interest trust
Section
64.2-739
Application of §§ 64.2-737 and 64.2-738
Section
64.2-740
Interpretation of references to Internal Revenue Code in §§ 64.2-736 through 64.2-739
Section
64.2-741
Powers of courts not impaired by §§ 64.2-736 through 64.2-740
Section
64.2-742
Rights of beneficiary's creditor or assignee
Section
64.2-743
Spendthrift provision
Section
64.2-744
Exceptions to spendthrift provision
Section
64.2-745
Certain claims for reimbursement for public assistance
Section
64.2-745.1
Self-settled spendthrift trusts
Section
64.2-745.2
Definitions; vacancies; right to withdraw
Section
64.2-746
Discretionary trusts; effect of standard
Section
64.2-747
Creditor's claim against settlor
Section
64.2-748
Overdue distribution
Section
64.2-749
Personal obligations of trustee
Section
64.2-750
Capacity of settlor of revocable trust
Section
64.2-751
Revocation or amendment of revocable trust
Section
64.2-752
Settlor's powers; powers of withdrawal
Section
64.2-753
Limitation on action contesting validity of revocable trust; distribution of trust property
Section
64.2-754
Accepting or declining trusteeship
Section
64.2-755
Trustee's bond
Section
64.2-756
Cotrustees
Section
64.2-757
Vacancy in trusteeship; appointment of successor
Section
64.2-758
Resignation of trustee
Section
64.2-759
Removal of trustee
Section
64.2-760
Delivery of property by former trustee
Section
64.2-761
Compensation of trustee
Section
64.2-762
Reimbursement of expenses
Section
64.2-763
Duty to administer trust and invest
Section
64.2-764
Duty of loyalty
Section
64.2-765
Impartiality
Section
64.2-766
Prudent administration
Section
64.2-767
Costs of administration
Section
64.2-768
Trustee's skills
Section
64.2-769
Delegation by trustee
Section
64.2-770
Repealed
Section
64.2-771
Control and protection of trust property
Section
64.2-772
Recordkeeping and identification of trust property
Section
64.2-773
Enforcement and defense of claims
Section
64.2-774
Collecting trust property
Section
64.2-775
Duty to inform and report
Section
64.2-776
Discretionary powers; tax savings
Section
64.2-777
General powers of trustee
Section
64.2-778
Specific powers of trustee
Section
64.2-778.1
Repealed
Section
64.2-779
Distribution upon termination
Section
64.2-779.1
Scope
Section
64.2-779.2
Fiduciary duty
Section
64.2-779.3
Application; governing law
Section
64.2-779.4
Reasonable reliance
Section
64.2-779.5
Notice; exercise of decanting power
Section
64.2-779.6
Court involvement
Section
64.2-779.7
Formalities
Section
64.2-779.8
Decanting power under expanded distributive discretion
Section
64.2-779.9
Decanting power under limited distributive discretion
Section
64.2-779.10
Trust for beneficiary with disability
Section
64.2-779.11
Protection of charitable interest
Section
64.2-779.12
Trust limitation on decanting
Section
64.2-779.13
Change in compensation
Section
64.2-779.14
Relief from liability and indemnification
Section
64.2-779.15
Removal or replacement of authorized fiduciary
Section
64.2-779.16
Tax-related provisions
Section
64.2-779.17
Duration of second trust
Section
64.2-779.18
Need to distribute not required
Section
64.2-779.19
Savings provision
Section
64.2-779.20
Trust for care of animal
Section
64.2-779.21
Terms of second trust
Section
64.2-779.22
Settlor
Section
64.2-779.23
Later-discovered property
Section
64.2-779.24
Obligations
Section
64.2-779.25
Accountings
Section
64.2-779.26
Definitions
Section
64.2-779.27
Application
Section
64.2-779.28
Exclusions
Section
64.2-779.29
Powers of trust director
Section
64.2-779.30
Limitations on trust director
Section
64.2-779.31
Duty and liability of trust director
Section
64.2-779.32
Duty and liability of directed trustee
Section
64.2-779.33
Duty to provide information to trust director or trustee
Section
64.2-779.34
No duty to monitor, inform, or advise
Section
64.2-779.35
Limitation of action against trust director
Section
64.2-779.36
Defenses in action against trust director
Section
64.2-779.37
Jurisdiction over trust director
Section
64.2-779.38
Office of trust director
Section
64.2-780
Definition of terms
Section
64.2-781
Prudent investor rule
Section
64.2-782
Standard of care; portfolio strategy; risk and return objectives
Section
64.2-783
Diversification by trustee
Section
64.2-784
Duties at inception of trusteeship
Section
64.2-785
Loyalty and impartiality
Section
64.2-786
Investment costs
Section
64.2-787
Reviewing compliance
Section
64.2-788
Delegation of investment and management functions
Section
64.2-789
Language invoking standard of article
Section
64.2-790
Application to existing trusts
Section
64.2-791
Uniformity of application and construction
Section
64.2-792
Remedies for breach of trust
Section
64.2-793
Damages for breach of trust
Section
64.2-794
Damages in absence of breach
Section
64.2-795
Attorney fees and costs
Section
64.2-796
Limitation of action against trustee
Section
64.2-797
Reliance on trust instrument
Section
64.2-798
Event affecting administration or distribution
Section
64.2-799
Exculpation of trustee
Section
64.2-800
Beneficiary's consent, release, or ratification
Section
64.2-801
Limitation on personal liability of trustee
Section
64.2-802
Interest as general partner
Section
64.2-803
Protection of person dealing with trustee
Section
64.2-804
Certification of trust
Section
64.2-805
Uniformity of application and construction
Section
64.2-806
Electronic records and signatures
Section
64.2-807
Repealed
Section
64.2-808
Application to existing relationships