{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/64.2-1505.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/64.2-1505.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/64.2-1505.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/64.2-1505.html"}],"law_id":60907,"edition_id":1,"section_id":60907,"structure_id":14225,"section_number":"64.2-1505","catch_line":"Investments that cease to be eligible may be retained","history":"Code 1919, \u00a7 5431; 1942, p. 662; Code 1950, \u00a7 26-44; 1992, c. 810; 1999, c. 772; 2012, c. 614.","full_text":"Investments made under the provisions of \u00a7 64.2-1502, if in conformity with the requirements of that section at the time the investments were made, may be retained even though they cease to be eligible for purchase under the provisions of that section, but shall be subject to the provisions of the Uniform Prudent Investor Act (\u00a7 64.2-780 et seq.).","order_by":null,"text":{"0":{"id":222770,"text":"Investments made under the provisions of \u00a7 64.2-1502, if in conformity with the requirements of that section at the time the investments were made, may be retained even though they cease to be eligible for purchase under the provisions of that section, but shall be subject to the provisions of the Uniform Prudent Investor Act (\u00a7 64.2-780 et seq.).","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14225,"edition_id":1,"name":"Investments","identifier":"15","label":"chapter","depth":4,"order_by":1,"parent_id":12991,"metadata":{},"date_created":"2026-06-26 03:47:21","date_modified":"2026-06-26 03:47:21","permalink":{"id":275123,"object_type":"structure","relational_id":14225,"identifier":"15","token":"64.2\/IV\/A\/15","url":"\/64.2\/IV\/A\/15\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12991,"edition_id":1,"name":"Fiduciaries","identifier":"A","label":"part","depth":3,"order_by":1,"parent_id":12905,"metadata":{},"date_created":"2026-06-26 03:44:07","date_modified":"2026-06-26 03:44:07","permalink":{"id":274815,"object_type":"structure","relational_id":12991,"identifier":"A","token":"64.2\/IV\/A","url":"\/64.2\/IV\/A\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12905,"edition_id":1,"name":"Fiduciaries and Guardians","identifier":"IV","label":"subtitle","depth":2,"order_by":1,"parent_id":12723,"metadata":{},"date_created":"2026-06-26 03:44:00","date_modified":"2026-06-26 03:44:00","permalink":{"id":274813,"object_type":"structure","relational_id":12905,"identifier":"IV","token":"64.2\/IV","url":"\/64.2\/IV\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12723,"edition_id":1,"name":"Wills, Trusts, and Fiduciaries","identifier":"64.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:50","date_modified":"2026-06-26 03:43:50","permalink":{"id":272781,"object_type":"structure","relational_id":12723,"identifier":"64.2","token":"64.2","url":"\/64.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":82505,"structure_id":14225,"section_number":"64.2-1500","catch_line":"Court orders regarding money in possession of fiduciary","url":"\/64.2-1500\/","token":"64.2\/IV\/A\/15\/64.2-1500","metadata":false},{"id":65653,"structure_id":14225,"section_number":"64.2-1501","catch_line":"Time within which guardian of an estate, conservator, or other fiduciary to invest funds; reasonable diligence required","url":"\/64.2-1501\/","token":"64.2\/IV\/A\/15\/64.2-1501","metadata":false},{"id":55439,"structure_id":14225,"section_number":"64.2-1502","catch_line":"In what securities fiduciaries may invest; definitions","url":"\/64.2-1502\/","token":"64.2\/IV\/A\/15\/64.2-1502","metadata":false},{"id":77131,"structure_id":14225,"section_number":"64.2-1503","catch_line":"Investment in bonds or other obligations issued, guaranteed, or assured by Inter-American Development Bank","url":"\/64.2-1503\/","token":"64.2\/IV\/A\/15\/64.2-1503","metadata":false},{"id":61387,"structure_id":14225,"section_number":"64.2-1504","catch_line":"Investments in municipal bonds by banks or trust companies","url":"\/64.2-1504\/","token":"64.2\/IV\/A\/15\/64.2-1504","metadata":false},{"id":60907,"structure_id":14225,"section_number":"64.2-1505","catch_line":"Investments that cease to be eligible may be retained","url":"\/64.2-1505\/","token":"64.2\/IV\/A\/15\/64.2-1505","metadata":false},{"id":61706,"structure_id":14225,"section_number":"64.2-1506","catch_line":"Investment in mutual fund affiliated with fiduciary","url":"\/64.2-1506\/","token":"64.2\/IV\/A\/15\/64.2-1506","metadata":false}],"previous_section":{"id":61387,"structure_id":14225,"section_number":"64.2-1504","catch_line":"Investments in municipal bonds by banks or trust companies","url":"\/64.2-1504\/","token":"64.2\/IV\/A\/15\/64.2-1504","metadata":false},"next_section":{"id":61706,"structure_id":14225,"section_number":"64.2-1506","catch_line":"Investment in mutual fund affiliated with fiduciary","url":"\/64.2-1506\/","token":"64.2\/IV\/A\/15\/64.2-1506","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/64.2-1505\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 3 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1992, chapter 810; in 1999, chapter 772<\/a>; in 2012, chapter 614<\/a>.<\/p>","references":[{"id":69070,"section_number":"5.1-88.8","catch_line":"What constitutes proof of financial responsibility","order_by":null,"url":"\/5.1-88.8\/"}],"refers_to":[{"id":55439,"section_number":"64.2-1502","catch_line":"In what securities fiduciaries may invest; definitions","order_by":null,"url":"\/64.2-1502\/"},{"id":57841,"section_number":"64.2-780","catch_line":"Definition of terms","order_by":null,"url":"\/64.2-780\/"}],"permalink":{"id":275145,"object_type":"law","relational_id":60907,"identifier":"64.2-1505","token":"64.2\/IV\/A\/15\/64.2-1505","url":"\/64.2-1505\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/64.2-1505\/","token":"64.2\/IV\/A\/15\/64.2-1505","dublin_core":{"Title":"Investments that cease to be eligible may be retained","Type":"Text","Format":"text\/html","Identifier":"\u00a7 64.2-1505","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Investments made under the provisions of \u00a7 64.2-1502<\/a>, if in conformity with the requirements of that section at the time the investments were made, may be retained even though they cease to be eligible for purchase under the provisions of that section, but shall be subject to the provisions of the Uniform Prudent Investor Act (\u00a7 64.2-780<\/a> et seq.).<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nINVESTMENTS THAT CEASE TO BE ELIGIBLE MAY BE RETAINED (\u00a7 64.2-1505)\n\nInvestments made under the provisions of \u00a7 64.2-1502, if in conformity with the\nrequirements of that section at the time the investments were made, may be\nretained even though they cease to be eligible for purchase under the provisions\nof that section, but shall be subject to the provisions of the Uniform Prudent\nInvestor Act (\u00a7 64.2-780 et seq.).\n\nHISTORY: Code 1919, \u00a7 5431; 1942, p. 662; Code 1950, \u00a7 26-44; 1992, c. 810;\n1999, c. 772; 2012, c. 614.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}