§ 64.2-785 Loyalty and impartiality
A. A trustee shall invest and manage the trust assets solely in the interest of the beneficiaries.
B. If a trust has two or more beneficiaries, the trustee shall act impartially in investing and managing the trust assets, taking into account any differing interests of the beneficiaries.
History
This law was first created in 1999. The record of its establishment is cataloged in chapter 772 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year. It has been modified 1 time. Those modifications are cataloged by “The Acts of Assembly,” a state publication, by year and chapter. Those modifications that can be read on the General Assembly’s website will be linked accordingly. That modification is as follows: in 2012, chapter 614.
1999, c. 772, § 26-45.7; 2012, c. 614.