{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/64.2-754.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/64.2-754.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/64.2-754.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/64.2-754.html"}],"law_id":53964,"edition_id":1,"section_id":53964,"structure_id":12788,"section_number":"64.2-754","catch_line":"Accepting or declining trusteeship","history":"2005, c. 935, \u00a7 55-547.01; 2012, c. 614.","full_text":"A\n\nExcept as otherwise provided in subsection C, a person designated as trustee accepts the trusteeship:1\n\nBy substantially complying with a method of acceptance provided in the terms of the trust; or2\n\nIf the terms of the trust do not provide a method or the method provided in the terms is not expressly made exclusive, by accepting delivery of the trust property, exercising powers or performing duties as trustee, or otherwise indicating acceptance of the trusteeship.B\n\nA person designated as trustee who has not yet accepted the trusteeship may reject the trusteeship. A designated trustee who does not accept the trusteeship within a reasonable time after knowing of the designation is deemed to have rejected the trusteeship.C\n\nA person designated as trustee, without accepting the trusteeship, may:1\n\nAct to preserve the trust property if, within a reasonable time after acting, the person sends a rejection of the trusteeship to the settlor or, if the settlor is dead or lacks capacity, to a qualified beneficiary; and2\n\nInspect or investigate trust property to determine potential liability under environmental or other law or for any other purpose.","order_by":null,"text":{"0":{"id":198150,"text":"Except as otherwise provided in subsection C, a person designated as trustee accepts the trusteeship:","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"A1"},"1":{"id":198151,"text":"By substantially complying with a method of acceptance provided in the terms of the trust; or","type":"section","prefixes":["A","1"],"prefix":"1","entire_prefix":"A1","prefix_anchor":"A1","level":2,"prior_prefix":"A","next_prefix":"A2"},"2":{"id":198152,"text":"If the terms of the trust do not provide a method or the method provided in the terms is not expressly made exclusive, by accepting delivery of the trust property, exercising powers or performing duties as trustee, or otherwise indicating acceptance of the trusteeship.","type":"section","prefixes":["A","2"],"prefix":"2","entire_prefix":"A2","prefix_anchor":"A2","level":2,"prior_prefix":"A1","next_prefix":"B"},"3":{"id":198153,"text":"A person designated as trustee who has not yet accepted the trusteeship may reject the trusteeship. A designated trustee who does not accept the trusteeship within a reasonable time after knowing of the designation is deemed to have rejected the trusteeship.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A2","next_prefix":"C"},"4":{"id":198154,"text":"A person designated as trustee, without accepting the trusteeship, may:","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"C1"},"5":{"id":198155,"text":"Act to preserve the trust property if, within a reasonable time after acting, the person sends a rejection of the trusteeship to the settlor or, if the settlor is dead or lacks capacity, to a qualified beneficiary; and","type":"section","prefixes":["C","1"],"prefix":"1","entire_prefix":"C1","prefix_anchor":"C1","level":2,"prior_prefix":"C","next_prefix":"C2"},"6":{"id":198156,"text":"Inspect or investigate trust property to determine potential liability under environmental or other law or for any other purpose.","type":"section","prefixes":["C","2"],"prefix":"2","entire_prefix":"C2","prefix_anchor":"C2","level":2,"prior_prefix":"C1"}},"ancestry":[{"id":12788,"edition_id":1,"name":"Office of Trustee","identifier":"7","label":"article","depth":4,"order_by":1,"parent_id":12725,"metadata":{},"date_created":"2026-06-26 03:43:53","date_modified":"2026-06-26 03:43:53","permalink":{"id":274417,"object_type":"structure","relational_id":12788,"identifier":"7","token":"64.2\/III\/7\/7","url":"\/64.2\/III\/7\/7\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12725,"edition_id":1,"name":"Uniform Trust Code","identifier":"7","label":"chapter","depth":3,"order_by":1,"parent_id":12724,"metadata":{},"date_created":"2026-06-26 03:43:50","date_modified":"2026-06-26 03:43:50","permalink":{"id":274107,"object_type":"structure","relational_id":12725,"identifier":"7","token":"64.2\/III\/7","url":"\/64.2\/III\/7\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12724,"edition_id":1,"name":"Trusts","identifier":"III","label":"subtitle","depth":2,"order_by":1,"parent_id":12723,"metadata":{},"date_created":"2026-06-26 03:43:50","date_modified":"2026-06-26 03:43:50","permalink":{"id":273811,"object_type":"structure","relational_id":12724,"identifier":"III","token":"64.2\/III","url":"\/64.2\/III\/","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":53964,"structure_id":12788,"section_number":"64.2-754","catch_line":"Accepting or declining trusteeship","url":"\/64.2-754\/","token":"64.2\/III\/7\/7\/64.2-754","metadata":false},{"id":63666,"structure_id":12788,"section_number":"64.2-755","catch_line":"Trustee's bond","url":"\/64.2-755\/","token":"64.2\/III\/7\/7\/64.2-755","metadata":false},{"id":61636,"structure_id":12788,"section_number":"64.2-756","catch_line":"Cotrustees","url":"\/64.2-756\/","token":"64.2\/III\/7\/7\/64.2-756","metadata":false},{"id":66102,"structure_id":12788,"section_number":"64.2-757","catch_line":"Vacancy in trusteeship; appointment of successor","url":"\/64.2-757\/","token":"64.2\/III\/7\/7\/64.2-757","metadata":false},{"id":78220,"structure_id":12788,"section_number":"64.2-758","catch_line":"Resignation of trustee","url":"\/64.2-758\/","token":"64.2\/III\/7\/7\/64.2-758","metadata":false},{"id":66828,"structure_id":12788,"section_number":"64.2-759","catch_line":"Removal of trustee","url":"\/64.2-759\/","token":"64.2\/III\/7\/7\/64.2-759","metadata":false},{"id":57985,"structure_id":12788,"section_number":"64.2-760","catch_line":"Delivery of property by former trustee","url":"\/64.2-760\/","token":"64.2\/III\/7\/7\/64.2-760","metadata":false},{"id":71429,"structure_id":12788,"section_number":"64.2-761","catch_line":"Compensation of trustee","url":"\/64.2-761\/","token":"64.2\/III\/7\/7\/64.2-761","metadata":false},{"id":63727,"structure_id":12788,"section_number":"64.2-762","catch_line":"Reimbursement of expenses","url":"\/64.2-762\/","token":"64.2\/III\/7\/7\/64.2-762","metadata":false}],"next_section":{"id":63666,"structure_id":12788,"section_number":"64.2-755","catch_line":"Trustee's bond","url":"\/64.2-755\/","token":"64.2\/III\/7\/7\/64.2-755","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/64.2-754\/","history_text":"

This law was first created in 2005. The record of its establishment is cataloged in chapter 935<\/a> 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. It has been modified 1 time. 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. That modification is as follows: in 2012, chapter 614<\/a>.<\/p>","references":[{"id":55343,"section_number":"64.2-779.38","catch_line":"Office of trust director","order_by":null,"url":"\/64.2-779.38\/"}],"refers_to":false,"permalink":{"id":274419,"object_type":"law","relational_id":53964,"identifier":"64.2-754","token":"64.2\/III\/7\/7\/64.2-754","url":"\/64.2-754\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/64.2-754\/","token":"64.2\/III\/7\/7\/64.2-754","dublin_core":{"Title":"Accepting or declining trusteeship","Type":"Text","Format":"text\/html","Identifier":"\u00a7 64.2-754","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> Except as otherwise provided in subsection C, a person<\/span> designated as trustee<\/span> accepts the trusteeship: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> By substantially complying with a method of acceptance provided in the terms of the trust; or <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> If the terms of the trust do not provide a method or the method provided in the terms is not expressly made exclusive, by accepting delivery of the trust property<\/span>, exercising powers or performing duties as trustee<\/span>, or otherwise indicating acceptance of the trusteeship. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> A person<\/span> designated as trustee<\/span> who has not yet accepted the trusteeship may reject the trusteeship. A designated trustee<\/span> who does not accept the trusteeship within a reasonable time after knowing of the designation is deemed to have rejected the trusteeship. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> A person<\/span> designated as trustee<\/span>, without accepting the trusteeship, may: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> Act to preserve the trust property<\/span> if, within a reasonable time after acting, the person<\/span> sends a rejection of the trusteeship to the settlor or, if the settlor is dead or lacks capacity, to a qualified beneficiary<\/span>; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Inspect or investigate trust property<\/span> to determine potential liability under environmental or other law<\/span> or for any other purpose. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nACCEPTING OR DECLINING TRUSTEESHIP (\u00a7 64.2-754)\n\nA. Except as otherwise provided in subsection C, a person designated as trustee\naccepts the trusteeship:\n\n 1. By substantially complying with a method of acceptance provided in the\n terms of the trust; or\n\n 2. If the terms of the trust do not provide a method or the method provided in\n the terms is not expressly made exclusive, by accepting delivery of the trust\n property, exercising powers or performing duties as trustee, or otherwise\n indicating acceptance of the trusteeship.\n\nB. A person designated as trustee who has not yet accepted the trusteeship may\nreject the trusteeship. A designated trustee who does not accept the trusteeship\nwithin a reasonable time after knowing of the designation is deemed to have\nrejected the trusteeship.\n\nC. A person designated as trustee, without accepting the trusteeship, may:\n\n 1. Act to preserve the trust property if, within a reasonable time after\n acting, the person sends a rejection of the trusteeship to the settlor or, if\n the settlor is dead or lacks capacity, to a qualified beneficiary; and\n\n 2. Inspect or investigate trust property to determine potential liability\n under environmental or other law or for any other purpose.\n\nHISTORY: 2005, c. 935, \u00a7 55-547.01; 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}}