{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/64.2-763.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/64.2-763.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/64.2-763.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/64.2-763.html"}],"law_id":65102,"edition_id":1,"section_id":65102,"structure_id":12989,"section_number":"64.2-763","catch_line":"Duty to administer trust and invest","history":"2005, c. 935, \u00a7 55-548.01; 2012, c. 614.","full_text":"Upon acceptance of a trusteeship, the trustee shall administer the trust and invest trust assets in good faith, in accordance with its terms and purposes and the interests of the beneficiaries, and in accordance with this chapter. In administering, managing and investing trust assets, the trustee shall comply with the provisions of the Uniform Prudent Investor Act (\u00a7 64.2-780 et seq.) and the Uniform Principal and Income Act (\u00a7 64.2-1000 et seq.).","order_by":null,"text":{"0":{"id":236914,"text":"Upon acceptance of a trusteeship, the trustee shall administer the trust and invest trust assets in good faith, in accordance with its terms and purposes and the interests of the beneficiaries, and in accordance with this chapter. In administering, managing and investing trust assets, the trustee shall comply with the provisions of the Uniform Prudent Investor Act (\u00a7 64.2-780 et seq.) and the Uniform Principal and Income Act (\u00a7 64.2-1000 et seq.).","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":12989,"edition_id":1,"name":"Duties and Powers of Trustee","identifier":"8","label":"article","depth":4,"order_by":1,"parent_id":12725,"metadata":{},"date_created":"2026-06-26 03:44:06","date_modified":"2026-06-26 03:44:06","permalink":{"id":274455,"object_type":"structure","relational_id":12989,"identifier":"8","token":"64.2\/III\/7\/8","url":"\/64.2\/III\/7\/8\/","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":65102,"structure_id":12989,"section_number":"64.2-763","catch_line":"Duty to administer trust and invest","url":"\/64.2-763\/","token":"64.2\/III\/7\/8\/64.2-763","metadata":false},{"id":58429,"structure_id":12989,"section_number":"64.2-764","catch_line":"Duty of loyalty","url":"\/64.2-764\/","token":"64.2\/III\/7\/8\/64.2-764","metadata":false},{"id":64366,"structure_id":12989,"section_number":"64.2-765","catch_line":"Impartiality","url":"\/64.2-765\/","token":"64.2\/III\/7\/8\/64.2-765","metadata":false},{"id":71701,"structure_id":12989,"section_number":"64.2-766","catch_line":"Prudent administration","url":"\/64.2-766\/","token":"64.2\/III\/7\/8\/64.2-766","metadata":false},{"id":78963,"structure_id":12989,"section_number":"64.2-767","catch_line":"Costs of administration","url":"\/64.2-767\/","token":"64.2\/III\/7\/8\/64.2-767","metadata":false},{"id":54069,"structure_id":12989,"section_number":"64.2-768","catch_line":"Trustee's skills","url":"\/64.2-768\/","token":"64.2\/III\/7\/8\/64.2-768","metadata":false},{"id":87228,"structure_id":12989,"section_number":"64.2-769","catch_line":"Delegation by trustee","url":"\/64.2-769\/","token":"64.2\/III\/7\/8\/64.2-769","metadata":false},{"id":80013,"structure_id":12989,"section_number":"64.2-770","catch_line":"Repealed","url":"\/64.2-770\/","token":"64.2\/III\/7\/8\/64.2-770","metadata":false},{"id":86531,"structure_id":12989,"section_number":"64.2-771","catch_line":"Control and protection of trust property","url":"\/64.2-771\/","token":"64.2\/III\/7\/8\/64.2-771","metadata":false},{"id":84356,"structure_id":12989,"section_number":"64.2-772","catch_line":"Recordkeeping and identification of trust property","url":"\/64.2-772\/","token":"64.2\/III\/7\/8\/64.2-772","metadata":false},{"id":86060,"structure_id":12989,"section_number":"64.2-773","catch_line":"Enforcement and defense of claims","url":"\/64.2-773\/","token":"64.2\/III\/7\/8\/64.2-773","metadata":false},{"id":56796,"structure_id":12989,"section_number":"64.2-774","catch_line":"Collecting trust property","url":"\/64.2-774\/","token":"64.2\/III\/7\/8\/64.2-774","metadata":false},{"id":83323,"structure_id":12989,"section_number":"64.2-775","catch_line":"Duty to inform and report","url":"\/64.2-775\/","token":"64.2\/III\/7\/8\/64.2-775","metadata":false},{"id":63636,"structure_id":12989,"section_number":"64.2-776","catch_line":"Discretionary powers; tax savings","url":"\/64.2-776\/","token":"64.2\/III\/7\/8\/64.2-776","metadata":false},{"id":71035,"structure_id":12989,"section_number":"64.2-777","catch_line":"General powers of trustee","url":"\/64.2-777\/","token":"64.2\/III\/7\/8\/64.2-777","metadata":false},{"id":71830,"structure_id":12989,"section_number":"64.2-778","catch_line":"Specific powers of trustee","url":"\/64.2-778\/","token":"64.2\/III\/7\/8\/64.2-778","metadata":false},{"id":64838,"structure_id":12989,"section_number":"64.2-778.1","catch_line":"Repealed","url":"\/64.2-778.1\/","token":"64.2\/III\/7\/8\/64.2-778.1","metadata":false},{"id":67100,"structure_id":12989,"section_number":"64.2-779","catch_line":"Distribution upon termination","url":"\/64.2-779\/","token":"64.2\/III\/7\/8\/64.2-779","metadata":false}],"next_section":{"id":58429,"structure_id":12989,"section_number":"64.2-764","catch_line":"Duty of loyalty","url":"\/64.2-764\/","token":"64.2\/III\/7\/8\/64.2-764","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/64.2-763\/","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":64836,"section_number":"64.2-779.2","catch_line":"Fiduciary duty","order_by":null,"url":"\/64.2-779.2\/"}],"refers_to":[{"id":68659,"section_number":"64.2-1000","catch_line":"Repealed","order_by":null,"url":"\/64.2-1000\/"},{"id":57841,"section_number":"64.2-780","catch_line":"Definition of terms","order_by":null,"url":"\/64.2-780\/"}],"permalink":{"id":274457,"object_type":"law","relational_id":65102,"identifier":"64.2-763","token":"64.2\/III\/7\/8\/64.2-763","url":"\/64.2-763\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/64.2-763\/","token":"64.2\/III\/7\/8\/64.2-763","dublin_core":{"Title":"Duty to administer trust and invest","Type":"Text","Format":"text\/html","Identifier":"\u00a7 64.2-763","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Upon acceptance of a trusteeship, the trustee<\/span> shall administer the trust and invest trust assets<\/span> in good faith, in accordance with its terms and purposes and the interests of the beneficiaries<\/span>, and in accordance with this chapter. In administering, managing and investing trust assets<\/span>, the trustee<\/span> shall comply with the provisions of the Uniform Prudent Investor Act (\u00a7 64.2-780<\/a> et seq.) and the Uniform Principal and Income Act (\u00a7 64.2-1000<\/a> et seq.).<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDUTY TO ADMINISTER TRUST AND INVEST (\u00a7 64.2-763)\n\nUpon acceptance of a trusteeship, the trustee shall administer the trust and\ninvest trust assets in good faith, in accordance with its terms and purposes and\nthe interests of the beneficiaries, and in accordance with this chapter. In\nadministering, managing and investing trust assets, the trustee shall comply\nwith the provisions of the Uniform Prudent Investor Act (\u00a7 64.2-780 et seq.)\nand the Uniform Principal and Income Act (\u00a7 64.2-1000 et seq.).\n\nHISTORY: 2005, c. 935, \u00a7 55-548.01; 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}}