{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/64.2-779.2.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/64.2-779.2.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/64.2-779.2.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/64.2-779.2.html"}],"law_id":64836,"edition_id":1,"section_id":64836,"structure_id":13034,"section_number":"64.2-779.2","catch_line":"Fiduciary duty","history":"2017, c. 592.","full_text":"A\n\nIn exercising the decanting power, an authorized fiduciary shall act in accordance with its fiduciary duties, including the duty to act in accordance with the purposes of the first trust.B\n\nThis article does not create or imply a duty to exercise the decanting power or to inform beneficiaries about the applicability of this article.C\n\nExcept as otherwise provided in a first-trust instrument, for purposes of this article and &#xA7; 64.2-763 and subsection A of &#xA7; 64.2-764, the terms of the first trust are deemed to include the decanting power.","order_by":null,"text":{"0":{"id":235943,"text":"In exercising the decanting power, an authorized fiduciary shall act in accordance with its fiduciary duties, including the duty to act in accordance with the purposes of the first trust.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":235944,"text":"This article does not create or imply a duty to exercise the decanting power or to inform beneficiaries about the applicability of this article.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":235945,"text":"Except as otherwise provided in a first-trust instrument, for purposes of this article and &#xA7; 64.2-763 and subsection A of &#xA7; 64.2-764, the terms of the first trust are deemed to include the decanting power.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B"}},"ancestry":[{"id":13034,"edition_id":1,"name":"Uniform Trust Decanting Act","identifier":"8.1","label":"article","depth":4,"order_by":1,"parent_id":12725,"metadata":{},"date_created":"2026-06-26 03:44:10","date_modified":"2026-06-26 03:44:10","permalink":{"id":274529,"object_type":"structure","relational_id":13034,"identifier":"8.1","token":"64.2\/III\/7\/8.1","url":"\/64.2\/III\/7\/8.1\/","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":69107,"structure_id":13034,"section_number":"64.2-779.1","catch_line":"Scope","url":"\/64.2-779.1\/","token":"64.2\/III\/7\/8.1\/64.2-779.1","metadata":false},{"id":60630,"structure_id":13034,"section_number":"64.2-779.10","catch_line":"Trust for beneficiary with disability","url":"\/64.2-779.10\/","token":"64.2\/III\/7\/8.1\/64.2-779.10","metadata":false},{"id":76498,"structure_id":13034,"section_number":"64.2-779.11","catch_line":"Protection of charitable interest","url":"\/64.2-779.11\/","token":"64.2\/III\/7\/8.1\/64.2-779.11","metadata":false},{"id":56684,"structure_id":13034,"section_number":"64.2-779.12","catch_line":"Trust limitation on decanting","url":"\/64.2-779.12\/","token":"64.2\/III\/7\/8.1\/64.2-779.12","metadata":false},{"id":70803,"structure_id":13034,"section_number":"64.2-779.13","catch_line":"Change in compensation","url":"\/64.2-779.13\/","token":"64.2\/III\/7\/8.1\/64.2-779.13","metadata":false},{"id":78277,"structure_id":13034,"section_number":"64.2-779.14","catch_line":"Relief from liability and indemnification","url":"\/64.2-779.14\/","token":"64.2\/III\/7\/8.1\/64.2-779.14","metadata":false},{"id":57442,"structure_id":13034,"section_number":"64.2-779.15","catch_line":"Removal or replacement of authorized fiduciary","url":"\/64.2-779.15\/","token":"64.2\/III\/7\/8.1\/64.2-779.15","metadata":false},{"id":55584,"structure_id":13034,"section_number":"64.2-779.16","catch_line":"Tax-related provisions","url":"\/64.2-779.16\/","token":"64.2\/III\/7\/8.1\/64.2-779.16","metadata":false},{"id":80667,"structure_id":13034,"section_number":"64.2-779.17","catch_line":"Duration of second trust","url":"\/64.2-779.17\/","token":"64.2\/III\/7\/8.1\/64.2-779.17","metadata":false},{"id":77406,"structure_id":13034,"section_number":"64.2-779.18","catch_line":"Need to distribute not required","url":"\/64.2-779.18\/","token":"64.2\/III\/7\/8.1\/64.2-779.18","metadata":false},{"id":54098,"structure_id":13034,"section_number":"64.2-779.19","catch_line":"Savings provision","url":"\/64.2-779.19\/","token":"64.2\/III\/7\/8.1\/64.2-779.19","metadata":false},{"id":64836,"structure_id":13034,"section_number":"64.2-779.2","catch_line":"Fiduciary duty","url":"\/64.2-779.2\/","token":"64.2\/III\/7\/8.1\/64.2-779.2","metadata":false},{"id":57900,"structure_id":13034,"section_number":"64.2-779.20","catch_line":"Trust for care of animal","url":"\/64.2-779.20\/","token":"64.2\/III\/7\/8.1\/64.2-779.20","metadata":false},{"id":86754,"structure_id":13034,"section_number":"64.2-779.21","catch_line":"Terms of second trust","url":"\/64.2-779.21\/","token":"64.2\/III\/7\/8.1\/64.2-779.21","metadata":false},{"id":69578,"structure_id":13034,"section_number":"64.2-779.22","catch_line":"Settlor","url":"\/64.2-779.22\/","token":"64.2\/III\/7\/8.1\/64.2-779.22","metadata":false},{"id":83453,"structure_id":13034,"section_number":"64.2-779.23","catch_line":"Later-discovered property","url":"\/64.2-779.23\/","token":"64.2\/III\/7\/8.1\/64.2-779.23","metadata":false},{"id":85955,"structure_id":13034,"section_number":"64.2-779.24","catch_line":"Obligations","url":"\/64.2-779.24\/","token":"64.2\/III\/7\/8.1\/64.2-779.24","metadata":false},{"id":79769,"structure_id":13034,"section_number":"64.2-779.25","catch_line":"Accountings","url":"\/64.2-779.25\/","token":"64.2\/III\/7\/8.1\/64.2-779.25","metadata":false},{"id":60927,"structure_id":13034,"section_number":"64.2-779.3","catch_line":"Application; governing law","url":"\/64.2-779.3\/","token":"64.2\/III\/7\/8.1\/64.2-779.3","metadata":false},{"id":67126,"structure_id":13034,"section_number":"64.2-779.4","catch_line":"Reasonable reliance","url":"\/64.2-779.4\/","token":"64.2\/III\/7\/8.1\/64.2-779.4","metadata":false},{"id":84001,"structure_id":13034,"section_number":"64.2-779.5","catch_line":"Notice; exercise of decanting power","url":"\/64.2-779.5\/","token":"64.2\/III\/7\/8.1\/64.2-779.5","metadata":false},{"id":86465,"structure_id":13034,"section_number":"64.2-779.6","catch_line":"Court involvement","url":"\/64.2-779.6\/","token":"64.2\/III\/7\/8.1\/64.2-779.6","metadata":false},{"id":68820,"structure_id":13034,"section_number":"64.2-779.7","catch_line":"Formalities","url":"\/64.2-779.7\/","token":"64.2\/III\/7\/8.1\/64.2-779.7","metadata":false},{"id":79506,"structure_id":13034,"section_number":"64.2-779.8","catch_line":"Decanting power under expanded distributive discretion","url":"\/64.2-779.8\/","token":"64.2\/III\/7\/8.1\/64.2-779.8","metadata":false},{"id":77579,"structure_id":13034,"section_number":"64.2-779.9","catch_line":"Decanting power under limited distributive discretion","url":"\/64.2-779.9\/","token":"64.2\/III\/7\/8.1\/64.2-779.9","metadata":false}],"previous_section":{"id":54098,"structure_id":13034,"section_number":"64.2-779.19","catch_line":"Savings provision","url":"\/64.2-779.19\/","token":"64.2\/III\/7\/8.1\/64.2-779.19","metadata":false},"next_section":{"id":57900,"structure_id":13034,"section_number":"64.2-779.20","catch_line":"Trust for care of animal","url":"\/64.2-779.20\/","token":"64.2\/III\/7\/8.1\/64.2-779.20","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/64.2-779.2\/","history_text":"<p>This law was first created in 2017. The record of its establishment is cataloged in chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?171+ful+CHAP0592\">592<\/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.<\/p>","references":false,"refers_to":[{"id":65102,"section_number":"64.2-763","catch_line":"Duty to administer trust and invest","order_by":null,"url":"\/64.2-763\/"},{"id":58429,"section_number":"64.2-764","catch_line":"Duty of loyalty","order_by":null,"url":"\/64.2-764\/"}],"permalink":{"id":274575,"object_type":"law","relational_id":64836,"identifier":"64.2-779.2","token":"64.2\/III\/7\/8.1\/64.2-779.2","url":"\/64.2-779.2\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/64.2-779.2\/","token":"64.2\/III\/7\/8.1\/64.2-779.2","dublin_core":{"Title":"Fiduciary duty","Type":"Text","Format":"text\/html","Identifier":"\u00a7 64.2-779.2","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section id=\"A\"><p><span class=\"prefix-number\">A.<\/span> In exercising the <span class=\"dictionary\">decanting power<\/span>, an <span class=\"dictionary\">authorized fiduciary<\/span> shall act in accordance with its fiduciary duties, including the duty to act in accordance with the purposes of the <span class=\"dictionary\">first trust<\/span>. <a id=\"paragraph-235943\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/64.2-779.2\/#A\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"B\"><p><span class=\"prefix-number\">B.<\/span> This article does not create or imply a duty to exercise the <span class=\"dictionary\">decanting power<\/span> or to inform beneficiaries about the applicability of this article. <a id=\"paragraph-235944\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/64.2-779.2\/#B\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"C\"><p><span class=\"prefix-number\">C.<\/span> Except as otherwise provided in a <span class=\"dictionary\">first-<span class=\"dictionary\">trust instrument<\/span><\/span>, for purposes of this article and &#xA7; <a class=\"law\" title=\"Duty to administer trust and invest\" href=\"\/64.2-763\/\">64.2-763<\/a> and subsection A of &#xA7; <a class=\"law\" title=\"Duty of loyalty\" href=\"\/64.2-764\/\">64.2-764<\/a>, the terms of the <span class=\"dictionary\">first trust<\/span> are deemed to include the <span class=\"dictionary\">decanting power<\/span>. <a id=\"paragraph-235945\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/64.2-779.2\/#C\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nFIDUCIARY DUTY (\u00a7 64.2-779.2)\n\nA. In exercising the decanting power, an authorized fiduciary shall act in\naccordance with its fiduciary duties, including the duty to act in accordance\nwith the purposes of the first trust.\n\nB. This article does not create or imply a duty to exercise the decanting power\nor to inform beneficiaries about the applicability of this article.\n\nC. Except as otherwise provided in a first-trust instrument, for purposes of\nthis article and &#xA7; 64.2-763 and subsection A of &#xA7; 64.2-764, the terms\nof the first trust are deemed to include the decanting power.\n\nHISTORY: 2017, c. 592.","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}}