{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/64.2-504.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/64.2-504.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/64.2-504.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/64.2-504.html"}],"law_id":71470,"edition_id":1,"section_id":71470,"structure_id":13927,"section_number":"64.2-504","catch_line":"Bond of executor or administrator","history":"Code 1950, \u00a7 64-116; 1968, c. 656, \u00a7 64.1-120; 1996, c. 317; 2012, c. 614.","full_text":"A\n\nExcept as provided in subsection B, every bond of an executor or administrator shall be, at least, in an amount equal to (i) the full value of the personal estate of the decedent to be administered, or (ii) if the will authorizes the executor or administrator to sell real estate, or receive the rents and profits thereof, the full value of the personal estate and such real estate, or the rents and profits thereof, as the case may be.B\n\nUpon the request of an executor or administrator, the clerk shall redetermine the amount of the bond in light of any reduction in the current market value of the estate in the executor’s or administrator’s possession or subject to his power, whether such reduction is due to disbursements, distributions, or valuation of assets, if such reduction is reflected in an accounting that has been confirmed by the court or an inventory that has been approved by the commissioner of accounts and recorded in the clerk’s office. This provision shall not apply to any bond set by the court.","order_by":null,"text":{"0":{"id":257625,"text":"Except as provided in subsection B, every bond of an executor or administrator shall be, at least, in an amount equal to (i) the full value of the personal estate of the decedent to be administered, or (ii) if the will authorizes the executor or administrator to sell real estate, or receive the rents and profits thereof, the full value of the personal estate and such real estate, or the rents and profits thereof, as the case may be.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":257626,"text":"Upon the request of an executor or administrator, the clerk shall redetermine the amount of the bond in light of any reduction in the current market value of the estate in the executor’s or administrator’s possession or subject to his power, whether such reduction is due to disbursements, distributions, or valuation of assets, if such reduction is reflected in an accounting that has been confirmed by the court or an inventory that has been approved by the commissioner of accounts and recorded in the clerk’s office. This provision shall not apply to any bond set by the court.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A"}},"ancestry":[{"id":13927,"edition_id":1,"name":"Appointment and Qualification","identifier":"1","label":"article","depth":4,"order_by":1,"parent_id":13926,"metadata":{},"date_created":"2026-06-26 03:46:19","date_modified":"2026-06-26 03:46:19","permalink":{"id":273381,"object_type":"structure","relational_id":13927,"identifier":"1","token":"64.2\/II\/5\/1","url":"\/64.2\/II\/5\/1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13926,"edition_id":1,"name":"Personal Representatives and Administration of Estates","identifier":"5","label":"chapter","depth":3,"order_by":1,"parent_id":12863,"metadata":{},"date_created":"2026-06-26 03:46:19","date_modified":"2026-06-26 03:46:19","permalink":{"id":273379,"object_type":"structure","relational_id":13926,"identifier":"5","token":"64.2\/II\/5","url":"\/64.2\/II\/5\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12863,"edition_id":1,"name":"Wills and Decedents' Estates","identifier":"II","label":"subtitle","depth":2,"order_by":1,"parent_id":12723,"metadata":{},"date_created":"2026-06-26 03:43:57","date_modified":"2026-06-26 03:43:57","permalink":{"id":272911,"object_type":"structure","relational_id":12863,"identifier":"II","token":"64.2\/II","url":"\/64.2\/II\/","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":83538,"structure_id":13927,"section_number":"64.2-500","catch_line":"Grant of administration with the will annexed","url":"\/64.2-500\/","token":"64.2\/II\/5\/1\/64.2-500","metadata":false},{"id":72031,"structure_id":13927,"section_number":"64.2-501","catch_line":"Oath of executor or administrator with the will annexed","url":"\/64.2-501\/","token":"64.2\/II\/5\/1\/64.2-501","metadata":false},{"id":78326,"structure_id":13927,"section_number":"64.2-502","catch_line":"Grant of administration of intestate estate","url":"\/64.2-502\/","token":"64.2\/II\/5\/1\/64.2-502","metadata":false},{"id":56753,"structure_id":13927,"section_number":"64.2-503","catch_line":"Oath and bond of administrator of intestate estate","url":"\/64.2-503\/","token":"64.2\/II\/5\/1\/64.2-503","metadata":false},{"id":71470,"structure_id":13927,"section_number":"64.2-504","catch_line":"Bond of executor or administrator","url":"\/64.2-504\/","token":"64.2\/II\/5\/1\/64.2-504","metadata":false},{"id":63177,"structure_id":13927,"section_number":"64.2-505","catch_line":"When security not required","url":"\/64.2-505\/","token":"64.2\/II\/5\/1\/64.2-505","metadata":false},{"id":64524,"structure_id":13927,"section_number":"64.2-506","catch_line":"When letters of administration and order for obtaining probate in due form are required","url":"\/64.2-506\/","token":"64.2\/II\/5\/1\/64.2-506","metadata":false},{"id":54982,"structure_id":13927,"section_number":"64.2-507","catch_line":"Clerks to deliver statement of responsibilities","url":"\/64.2-507\/","token":"64.2\/II\/5\/1\/64.2-507","metadata":false},{"id":81660,"structure_id":13927,"section_number":"64.2-508","catch_line":"Written notice of probate, qualification, and entitlement to copies of inventories, accounts, and reports to be provided to certain parties","url":"\/64.2-508\/","token":"64.2\/II\/5\/1\/64.2-508","metadata":false}],"previous_section":{"id":56753,"structure_id":13927,"section_number":"64.2-503","catch_line":"Oath and bond of administrator of intestate estate","url":"\/64.2-503\/","token":"64.2\/II\/5\/1\/64.2-503","metadata":false},"next_section":{"id":63177,"structure_id":13927,"section_number":"64.2-505","catch_line":"When security not required","url":"\/64.2-505\/","token":"64.2\/II\/5\/1\/64.2-505","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/64.2-504\/","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 1968, chapter 656; in 1996, chapter 317<\/a>; in 2012, chapter 614<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":273399,"object_type":"law","relational_id":71470,"identifier":"64.2-504","token":"64.2\/II\/5\/1\/64.2-504","url":"\/64.2-504\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/64.2-504\/","token":"64.2\/II\/5\/1\/64.2-504","dublin_core":{"Title":"Bond of executor or administrator","Type":"Text","Format":"text\/html","Identifier":"\u00a7 64.2-504","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> Except as provided in subsection B, every bond<\/span> of an executor or administrator shall be, at least, in an amount equal to (i) the full value<\/span> of the personal estate of the decedent to be administered, or (ii) if the will<\/span> authorizes the executor or administrator to sell real estate, or receive the rents and profits thereof, the full value<\/span> of the personal estate and such real estate, or the rents and profits thereof, as the case may be. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> Upon the request of an executor or administrator, the clerk shall redetermine the amount of the bond<\/span> in light of any reduction in the current market value<\/span> of the estate in the executor’s or administrator’s possession<\/span> or subject to his power, whether such reduction is due to disbursements, distributions, or valuation of assets<\/span>, if such reduction is reflected in an accounting that has been confirmed by the court<\/span> or an inventory that has been approved by the commissioner of accounts and recorded in the clerk’s office. This provision shall not apply to any bond<\/span> set by the court<\/span>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nBOND OF EXECUTOR OR ADMINISTRATOR (\u00a7 64.2-504)\n\nA. Except as provided in subsection B, every bond of an executor or\nadministrator shall be, at least, in an amount equal to (i) the full value of\nthe personal estate of the decedent to be administered, or (ii) if the will\nauthorizes the executor or administrator to sell real estate, or receive the\nrents and profits thereof, the full value of the personal estate and such real\nestate, or the rents and profits thereof, as the case may be.\n\nB. Upon the request of an executor or administrator, the clerk shall redetermine\nthe amount of the bond in light of any reduction in the current market value of\nthe estate in the executor’s or administrator’s possession or\nsubject to his power, whether such reduction is due to disbursements,\ndistributions, or valuation of assets, if such reduction is reflected in an\naccounting that has been confirmed by the court or an inventory that has been\napproved by the commissioner of accounts and recorded in the clerk’s\noffice. This provision shall not apply to any bond set by the court.\n\nHISTORY: Code 1950, \u00a7 64-116; 1968, c. 656, \u00a7 64.1-120; 1996, c. 317; 2012, c.\n614.","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}}