{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/64.2-755.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/64.2-755.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/64.2-755.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/64.2-755.html"}],"law_id":63666,"edition_id":1,"section_id":63666,"structure_id":12788,"section_number":"64.2-755","catch_line":"Trustee’s bond","history":"2005, c. 935, \u00a7 55-547.02; 2012, c. 614.","full_text":"A\n\nExcept as otherwise provided in Part A (§ 64.2-1200 et seq.) of Subtitle IV, a trustee shall give bond, or bond with surety or other security, to secure performance of the trustee’s duties only if the court finds that a bond is needed to protect the interests of the beneficiaries or is required by the terms of the trust and the court has not dispensed with the requirement.B\n\nThe court may specify the amount of a bond, its liabilities, and whether sureties are necessary. The court may modify or terminate a bond at any time.C\n\nA regulated financial service institution qualified to do trust business in the Commonwealth need not give bond, even if required by the terms of the trust.","order_by":null,"text":{"0":{"id":231905,"text":"Except as otherwise provided in Part A (§ 64.2-1200 et seq.) of Subtitle IV, a trustee shall give bond, or bond with surety or other security, to secure performance of the trustee’s duties only if the court finds that a bond is needed to protect the interests of the beneficiaries or is required by the terms of the trust and the court has not dispensed with the requirement.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":231906,"text":"The court may specify the amount of a bond, its liabilities, and whether sureties are necessary. The court may modify or terminate a bond at any time.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":231907,"text":"A regulated financial service institution qualified to do trust business in the Commonwealth need not give bond, even if required by the terms of the trust.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B"}},"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}],"previous_section":{"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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/64.2-755\/","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":86944,"section_number":"64.2-703","catch_line":"Default and mandatory rules","order_by":null,"url":"\/64.2-703\/"},{"id":55343,"section_number":"64.2-779.38","catch_line":"Office of trust director","order_by":null,"url":"\/64.2-779.38\/"}],"refers_to":[{"id":72768,"section_number":"64.2-1200","catch_line":"Commissioners of accounts","order_by":null,"url":"\/64.2-1200\/"}],"permalink":{"id":274423,"object_type":"law","relational_id":63666,"identifier":"64.2-755","token":"64.2\/III\/7\/7\/64.2-755","url":"\/64.2-755\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/64.2-755\/","token":"64.2\/III\/7\/7\/64.2-755","dublin_core":{"Title":"Trustee’s bond","Type":"Text","Format":"text\/html","Identifier":"\u00a7 64.2-755","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> Except as otherwise provided in Part A (§ 64.2-1200<\/a> et seq.) of Subtitle IV, a trustee<\/span> shall give bond<\/span>, or bond<\/span> with surety<\/span> or other security, to secure performance of the trustee<\/span>’s duties only if the court<\/span> finds that a bond<\/span> is needed to protect the interests of the beneficiaries<\/span> or is required by the terms of the trust and the court<\/span> has not dispensed with the requirement. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> The court<\/span> may specify the amount of a bond<\/span>, its liabilities, and whether sureties are necessary. The court<\/span> may modify or terminate a bond<\/span> at any time. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> A regulated financial service institution qualified to do trust business in the Commonwealth need not give bond<\/span>, even if required by the terms of the trust. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nTRUSTEE’S BOND (\u00a7 64.2-755)\n\nA. Except as otherwise provided in Part A (§ 64.2-1200 et seq.) of Subtitle\nIV, a trustee shall give bond, or bond with surety or other security, to secure\nperformance of the trustee’s duties only if the court finds that a bond is\nneeded to protect the interests of the beneficiaries or is required by the terms\nof the trust and the court has not dispensed with the requirement.\n\nB. The court may specify the amount of a bond, its liabilities, and whether\nsureties are necessary. The court may modify or terminate a bond at any time.\n\nC. A regulated financial service institution qualified to do trust business in\nthe Commonwealth need not give bond, even if required by the terms of the trust.\n\nHISTORY: 2005, c. 935, \u00a7 55-547.02; 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}}