{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/64.2-1900.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/64.2-1900.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/64.2-1900.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/64.2-1900.html"}],"law_id":65466,"edition_id":1,"section_id":65466,"structure_id":14685,"section_number":"64.2-1900","catch_line":"Definitions","history":"1988, c. 516, \u00a7 31-37; 2007, c. 307; 2012, c. 614.","full_text":"In this chapter, unless the context otherwise requires:\n\t\t“Adult” means an individual who attained the age of 18 years.\n\t\t“Benefit plan” means an employer’s plan for the benefit of an employee or partner.\n\t\t“Broker” means a person lawfully engaged in the business of effecting transactions in securities or commodities for the person’s own account or for the account of others.\n\t\t“Conservator” means a person appointed or qualified by a court to act as general, limited, or temporary guardian of a minor’s property or a person legally authorized to perform substantially the same functions.\n\t\t“Court” means the circuit court having appropriate jurisdiction.\n\t\t“Custodial property” means (i) any interest in property transferred to a custodian under this chapter and (ii) the income from and proceeds of that interest in property.\n\t\t“Custodian” means a person so designated under \u00a7 64.2-1908 or a successor or substitute custodian designated under \u00a7 64.2-1917.\n\t\t“Financial institution” means a bank, trust company, savings institution, or credit union chartered and supervised under state or federal law.\n\t\t“Legal representative” means an individual’s personal representative or conservator.\n\t\t“Member of the minor’s family” means the minor’s parent, stepparent, spouse, grandparent, brother, sister, uncle, or aunt, whether of the whole or half blood or by adoption.\n\t\t“Minor” means an individual who has not attained the age of 18 years.\n\t\t“Person” means an individual, corporation, organization, or other legal entity.\n\t\t“Personal representative” means an executor, administrator, successor personal representative, or special administrator of a decedent’s estate or a person legally authorized to perform substantially the same functions.\n\t\t“Qualified minor’s trust” means any trust, including a trust created by a custodian, that meets the requirements of \u00a7 2503(c) of the Internal Revenue Code of 1986 and the regulations implementing that section.\n\t\t“State” includes any state of the United States, the District of Columbia, the Commonwealth of Puerto Rico, and any territory or possession subject to the legislative authority of the United States.\n\t\t“Transfer” means a transaction that creates custodial property under \u00a7 64.2-1908.\n\t\t“Transferor” means a person who makes a transfer under this chapter.\n\t\t“Trust company” means a financial institution, corporation, or other legal entity authorized to exercise general trust powers.","order_by":null,"text":{"0":{"id":238040,"text":"In this chapter, unless the context otherwise requires:\n\t\t“Adult” means an individual who attained the age of 18 years.\n\t\t“Benefit plan” means an employer’s plan for the benefit of an employee or partner.\n\t\t“Broker” means a person lawfully engaged in the business of effecting transactions in securities or commodities for the person’s own account or for the account of others.\n\t\t“Conservator” means a person appointed or qualified by a court to act as general, limited, or temporary guardian of a minor’s property or a person legally authorized to perform substantially the same functions.\n\t\t“Court” means the circuit court having appropriate jurisdiction.\n\t\t“Custodial property” means (i) any interest in property transferred to a custodian under this chapter and (ii) the income from and proceeds of that interest in property.\n\t\t“Custodian” means a person so designated under \u00a7 64.2-1908 or a successor or substitute custodian designated under \u00a7 64.2-1917.\n\t\t“Financial institution” means a bank, trust company, savings institution, or credit union chartered and supervised under state or federal law.\n\t\t“Legal representative” means an individual’s personal representative or conservator.\n\t\t“Member of the minor’s family” means the minor’s parent, stepparent, spouse, grandparent, brother, sister, uncle, or aunt, whether of the whole or half blood or by adoption.\n\t\t“Minor” means an individual who has not attained the age of 18 years.\n\t\t“Person” means an individual, corporation, organization, or other legal entity.\n\t\t“Personal representative” means an executor, administrator, successor personal representative, or special administrator of a decedent’s estate or a person legally authorized to perform substantially the same functions.\n\t\t“Qualified minor’s trust” means any trust, including a trust created by a custodian, that meets the requirements of \u00a7 2503(c) of the Internal Revenue Code of 1986 and the regulations implementing that section.\n\t\t“State” includes any state of the United States, the District of Columbia, the Commonwealth of Puerto Rico, and any territory or possession subject to the legislative authority of the United States.\n\t\t“Transfer” means a transaction that creates custodial property under \u00a7 64.2-1908.\n\t\t“Transferor” means a person who makes a transfer under this chapter.\n\t\t“Trust company” means a financial institution, corporation, or other legal entity authorized to exercise general trust powers.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14685,"edition_id":1,"name":"Virginia Uniform Transfers to Minors Act","identifier":"19","label":"chapter","depth":4,"order_by":1,"parent_id":13807,"metadata":{},"date_created":"2026-06-26 03:49:21","date_modified":"2026-06-26 03:49:21","permalink":{"id":275399,"object_type":"structure","relational_id":14685,"identifier":"19","token":"64.2\/IV\/C\/19","url":"\/64.2\/IV\/C\/19\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13807,"edition_id":1,"name":"Guardianship of Minor","identifier":"C","label":"part","depth":3,"order_by":1,"parent_id":12905,"metadata":{},"date_created":"2026-06-26 03:45:56","date_modified":"2026-06-26 03:45:56","permalink":{"id":275337,"object_type":"structure","relational_id":13807,"identifier":"C","token":"64.2\/IV\/C","url":"\/64.2\/IV\/C\/","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":65466,"structure_id":14685,"section_number":"64.2-1900","catch_line":"Definitions","url":"\/64.2-1900\/","token":"64.2\/IV\/C\/19\/64.2-1900","metadata":false},{"id":60782,"structure_id":14685,"section_number":"64.2-1901","catch_line":"Scope and jurisdiction","url":"\/64.2-1901\/","token":"64.2\/IV\/C\/19\/64.2-1901","metadata":false},{"id":74303,"structure_id":14685,"section_number":"64.2-1902","catch_line":"Nomination of custodian","url":"\/64.2-1902\/","token":"64.2\/IV\/C\/19\/64.2-1902","metadata":false},{"id":77870,"structure_id":14685,"section_number":"64.2-1903","catch_line":"Transfer by gift or exercise of power of appointment","url":"\/64.2-1903\/","token":"64.2\/IV\/C\/19\/64.2-1903","metadata":false},{"id":79169,"structure_id":14685,"section_number":"64.2-1904","catch_line":"Transfer authorized by will or trust","url":"\/64.2-1904\/","token":"64.2\/IV\/C\/19\/64.2-1904","metadata":false},{"id":79226,"structure_id":14685,"section_number":"64.2-1905","catch_line":"Other transfer by fiduciary","url":"\/64.2-1905\/","token":"64.2\/IV\/C\/19\/64.2-1905","metadata":false},{"id":61196,"structure_id":14685,"section_number":"64.2-1906","catch_line":"Transfer by obligor","url":"\/64.2-1906\/","token":"64.2\/IV\/C\/19\/64.2-1906","metadata":false},{"id":83598,"structure_id":14685,"section_number":"64.2-1907","catch_line":"Receipt for custodial property","url":"\/64.2-1907\/","token":"64.2\/IV\/C\/19\/64.2-1907","metadata":false},{"id":82555,"structure_id":14685,"section_number":"64.2-1908","catch_line":"Manner of creating custodial property and effecting transfer; designation of initial custodian; control","url":"\/64.2-1908\/","token":"64.2\/IV\/C\/19\/64.2-1908","metadata":false},{"id":62208,"structure_id":14685,"section_number":"64.2-1909","catch_line":"Single and joint custodians","url":"\/64.2-1909\/","token":"64.2\/IV\/C\/19\/64.2-1909","metadata":false},{"id":78444,"structure_id":14685,"section_number":"64.2-1910","catch_line":"Validity and effect of transfer","url":"\/64.2-1910\/","token":"64.2\/IV\/C\/19\/64.2-1910","metadata":false},{"id":56318,"structure_id":14685,"section_number":"64.2-1911","catch_line":"Care of custodial property; duties of custodian","url":"\/64.2-1911\/","token":"64.2\/IV\/C\/19\/64.2-1911","metadata":false},{"id":83168,"structure_id":14685,"section_number":"64.2-1912","catch_line":"Powers of custodian","url":"\/64.2-1912\/","token":"64.2\/IV\/C\/19\/64.2-1912","metadata":false},{"id":60473,"structure_id":14685,"section_number":"64.2-1913","catch_line":"Use of custodial property","url":"\/64.2-1913\/","token":"64.2\/IV\/C\/19\/64.2-1913","metadata":false},{"id":78698,"structure_id":14685,"section_number":"64.2-1914","catch_line":"Custodian's expenses, compensation, and bond","url":"\/64.2-1914\/","token":"64.2\/IV\/C\/19\/64.2-1914","metadata":false},{"id":64823,"structure_id":14685,"section_number":"64.2-1915","catch_line":"Exemption of third person from liability","url":"\/64.2-1915\/","token":"64.2\/IV\/C\/19\/64.2-1915","metadata":false},{"id":59272,"structure_id":14685,"section_number":"64.2-1916","catch_line":"Liability to third persons","url":"\/64.2-1916\/","token":"64.2\/IV\/C\/19\/64.2-1916","metadata":false},{"id":69800,"structure_id":14685,"section_number":"64.2-1917","catch_line":"Renunciation, resignation, death, or removal of custodian; designation of successor custodian","url":"\/64.2-1917\/","token":"64.2\/IV\/C\/19\/64.2-1917","metadata":false},{"id":65755,"structure_id":14685,"section_number":"64.2-1918","catch_line":"Accounting by and determination of liability of custodian","url":"\/64.2-1918\/","token":"64.2\/IV\/C\/19\/64.2-1918","metadata":false},{"id":70368,"structure_id":14685,"section_number":"64.2-1919","catch_line":"Termination of custodianship","url":"\/64.2-1919\/","token":"64.2\/IV\/C\/19\/64.2-1919","metadata":false},{"id":62696,"structure_id":14685,"section_number":"64.2-1920","catch_line":"Applicability","url":"\/64.2-1920\/","token":"64.2\/IV\/C\/19\/64.2-1920","metadata":false},{"id":70217,"structure_id":14685,"section_number":"64.2-1921","catch_line":"Effect on existing custodianships","url":"\/64.2-1921\/","token":"64.2\/IV\/C\/19\/64.2-1921","metadata":false},{"id":58715,"structure_id":14685,"section_number":"64.2-1922","catch_line":"Uniformity of application and construction","url":"\/64.2-1922\/","token":"64.2\/IV\/C\/19\/64.2-1922","metadata":false}],"next_section":{"id":60782,"structure_id":14685,"section_number":"64.2-1901","catch_line":"Scope and jurisdiction","url":"\/64.2-1901\/","token":"64.2\/IV\/C\/19\/64.2-1901","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/64.2-1900\/","history_text":"

This law was first created in 1988. The record of its establishment is cataloged in chapter 516 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1988 \u201cActs\u201d aren\u2019t available online. It has been modified 2 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 2007, chapter 307<\/a>; in 2012, chapter 614<\/a>.<\/p>","references":[{"id":73698,"section_number":"40.1-109.2","catch_line":"Child engaged in the work of content creation; trust account","order_by":null,"url":"\/40.1-109.2\/"},{"id":74058,"section_number":"6.2-1081","catch_line":"Definitions","order_by":null,"url":"\/6.2-1081\/"},{"id":54455,"section_number":"6.2-1083","catch_line":"Commission to issue certificate; powers of associations authorized to offer trust services","order_by":null,"url":"\/6.2-1083\/"},{"id":78569,"section_number":"6.2-1364","catch_line":"Acceptance of money under Virginia Uniform Transfers to Minors Act","order_by":null,"url":"\/6.2-1364\/"},{"id":79409,"section_number":"64.2-105","catch_line":"Incorporation by reference of certain powers of fiduciaries into will or trust instrument","order_by":null,"url":"\/64.2-105\/"},{"id":65446,"section_number":"64.2-1638","catch_line":"Gifts","order_by":null,"url":"\/64.2-1638\/"},{"id":57425,"section_number":"64.2-601","catch_line":"Payment or delivery of small asset by affidavit","order_by":null,"url":"\/64.2-601\/"},{"id":71830,"section_number":"64.2-778","catch_line":"Specific powers of trustee","order_by":null,"url":"\/64.2-778\/"}],"refers_to":[{"id":82555,"section_number":"64.2-1908","catch_line":"Manner of creating custodial property and effecting transfer; designation of initial custodian; control","order_by":null,"url":"\/64.2-1908\/"},{"id":69800,"section_number":"64.2-1917","catch_line":"Renunciation, resignation, death, or removal of custodian; designation of successor custodian","order_by":null,"url":"\/64.2-1917\/"}],"permalink":{"id":275401,"object_type":"law","relational_id":65466,"identifier":"64.2-1900","token":"64.2\/IV\/C\/19\/64.2-1900","url":"\/64.2-1900\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/64.2-1900\/","token":"64.2\/IV\/C\/19\/64.2-1900","dublin_core":{"Title":"Definitions","Type":"Text","Format":"text\/html","Identifier":"\u00a7 64.2-1900","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

In this chapter, unless the context otherwise requires:\n\t\t“Adult<\/span>” means an individual who attained the age of 18 years.\n\t\t“Benefit plan<\/span>” means an employer’s plan for the benefit of an employee or partner.\n\t\t“Broker<\/span>” means a person<\/span> lawfully engaged in the business of effecting transactions in securities or commodities for the person<\/span>’s own account or for the account of others.\n\t\t“Conservator<\/span>” means a person<\/span> appointed or qualified by a court<\/span> to act as general, limited, or temporary guardian of a minor<\/span>’s property or a person<\/span> legally authorized to perform substantially the same functions.\n\t\t“Court<\/span>” means the circuit<\/span> court<\/span> having appropriate jurisdiction<\/span>.\n\t\t“Custodial property<\/span>” means (i) any interest in property transferred to a custodian<\/span> under this chapter and (ii) the income from and proceeds of that interest in property.\n\t\t“Custodian<\/span>” means a person<\/span> so designated under \u00a7 64.2-1908<\/a> or a successor or substitute custodian<\/span> designated under \u00a7 64.2-1917<\/a>.\n\t\t“Financial institution<\/span>” means a bank, trust company<\/span>, savings institution, or credit union chartered and supervised under state<\/span> or federal law<\/span>.\n\t\t“Legal representative<\/span>” means an individual’s personal representative<\/span> or conservator<\/span>.\n\t\t“Member of the minor<\/span>’s family” means the minor<\/span>’s parent, stepparent, spouse, grandparent, brother, sister, uncle, or aunt, whether of the whole or half blood or by adoption.\n\t\t“Minor<\/span>” means an individual who has not attained the age of 18 years.\n\t\t“Person<\/span>” means an individual, corporation, organization, or other legal entity.\n\t\t“Personal representative<\/span>” means an executor, administrator, successor personal representative<\/span>, or special administrator of a decedent’s estate or a person<\/span> legally authorized to perform substantially the same functions.\n\t\t“Qualified minor<\/span>’s trust” means any trust, including a trust created by a custodian<\/span>, that meets the requirements of \u00a7 2503(c) of the Internal Revenue Code of 1986 and the regulations implementing that section.\n\t\t“State<\/span>” includes any state<\/span> of the United States<\/span>, the District of Columbia, the Commonwealth of Puerto Rico, and any territory or possession<\/span> subject to the legislative authority of the United States<\/span>.\n\t\t“Transfer<\/span>” means a transaction that creates custodial property<\/span> under \u00a7 64.2-1908<\/a>.\n\t\t“Transferor<\/span>” means a person<\/span> who makes a transfer<\/span> under this chapter.\n\t\t“Trust company<\/span>” means a financial institution<\/span>, corporation, or other legal entity authorized to exercise general trust powers.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDEFINITIONS (\u00a7 64.2-1900)\n\nIn this chapter, unless the context otherwise requires:\n\t\t“Adult” means an individual who attained the age of 18 years.\n\t\t“Benefit plan” means an employer’s plan for the benefit of\nan employee or partner.\n\t\t“Broker” means a person lawfully engaged in the business of\neffecting transactions in securities or commodities for the person’s own\naccount or for the account of others.\n\t\t“Conservator” means a person appointed or qualified by a court to\nact as general, limited, or temporary guardian of a minor’s property or a\nperson legally authorized to perform substantially the same functions.\n\t\t“Court” means the circuit court having appropriate jurisdiction.\n\t\t“Custodial property” means (i) any interest in property\ntransferred to a custodian under this chapter and (ii) the income from and\nproceeds of that interest in property.\n\t\t“Custodian” means a person so designated under \u00a7 64.2-1908 or a\nsuccessor or substitute custodian designated under \u00a7 64.2-1917.\n\t\t“Financial institution” means a bank, trust company, savings\ninstitution, or credit union chartered and supervised under state or federal\nlaw.\n\t\t“Legal representative” means an individual’s personal\nrepresentative or conservator.\n\t\t“Member of the minor’s family” means the minor’s\nparent, stepparent, spouse, grandparent, brother, sister, uncle, or aunt,\nwhether of the whole or half blood or by adoption.\n\t\t“Minor” means an individual who has not attained the age of 18\nyears.\n\t\t“Person” means an individual, corporation, organization, or other\nlegal entity.\n\t\t“Personal representative” means an executor, administrator,\nsuccessor personal representative, or special administrator of a\ndecedent’s estate or a person legally authorized to perform substantially\nthe same functions.\n\t\t“Qualified minor’s trust” means any trust, including a trust\ncreated by a custodian, that meets the requirements of \u00a7 2503(c) of the\nInternal Revenue Code of 1986 and the regulations implementing that section.\n\t\t“State” includes any state of the United States, the District of\nColumbia, the Commonwealth of Puerto Rico, and any territory or possession\nsubject to the legislative authority of the United States.\n\t\t“Transfer” means a transaction that creates custodial property\nunder \u00a7 64.2-1908.\n\t\t“Transferor” means a person who makes a transfer under this\nchapter.\n\t\t“Trust company” means a financial institution, corporation, or\nother legal entity authorized to exercise general trust powers.\n\nHISTORY: 1988, c. 516, \u00a7 31-37; 2007, c. 307; 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}}