{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/64.2-803.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/64.2-803.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/64.2-803.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/64.2-803.html"}],"law_id":85139,"edition_id":1,"section_id":85139,"structure_id":14530,"section_number":"64.2-803","catch_line":"Protection of person dealing with trustee","history":"2005, c. 935, \u00a7 55-550.12; 2012, c. 614.","full_text":"A\n\nA person other than a beneficiary who in good faith assists a trustee, or who in good faith and for value deals with a trustee, without knowledge that the trustee is exceeding or improperly exercising the trustee’s powers, is protected from liability as if the trustee properly exercised the power.B\n\nA person other than a beneficiary who in good faith deals with a trustee is not required to inquire into the extent of the trustee’s powers or the propriety of their exercise.C\n\nA person who in good faith delivers assets to a trustee need not ensure their proper application.D\n\nA person other than a beneficiary who in good faith assists a former trustee, or who in good faith and for value deals with a former trustee, without knowledge that the trusteeship has terminated is protected from liability as if the former trustee were still a trustee.E\n\nComparable protective provisions of other laws relating to commercial transactions or transfer of securities by fiduciaries prevail over the protection provided by this section.","order_by":null,"text":{"0":{"id":305088,"text":"A person other than a beneficiary who in good faith assists a trustee, or who in good faith and for value deals with a trustee, without knowledge that the trustee is exceeding or improperly exercising the trustee’s powers, is protected from liability as if the trustee properly exercised the power.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":305089,"text":"A person other than a beneficiary who in good faith deals with a trustee is not required to inquire into the extent of the trustee’s powers or the propriety of their exercise.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":305090,"text":"A person who in good faith delivers assets to a trustee need not ensure their proper application.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"D"},"3":{"id":305091,"text":"A person other than a beneficiary who in good faith assists a former trustee, or who in good faith and for value deals with a former trustee, without knowledge that the trusteeship has terminated is protected from liability as if the former trustee were still a trustee.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C","next_prefix":"E"},"4":{"id":305092,"text":"Comparable protective provisions of other laws relating to commercial transactions or transfer of securities by fiduciaries prevail over the protection provided by this section.","type":"section","prefixes":["E"],"prefix":"E","entire_prefix":"E","prefix_anchor":"E","level":1,"prior_prefix":"D"}},"ancestry":[{"id":14530,"edition_id":1,"name":"Liability of Trustees and Rights of Persons Dealing With Trustee","identifier":"10","label":"article","depth":4,"order_by":1,"parent_id":12725,"metadata":{},"date_created":"2026-06-26 03:48:32","date_modified":"2026-06-26 03:48:32","permalink":{"id":274151,"object_type":"structure","relational_id":14530,"identifier":"10","token":"64.2\/III\/7\/10","url":"\/64.2\/III\/7\/10\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12725,"edition_id":1,"name":"Uniform Trust 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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":58429,"section_number":"64.2-764","catch_line":"Duty of loyalty","order_by":null,"url":"\/64.2-764\/"},{"id":84224,"section_number":"64.2-792","catch_line":"Remedies for breach of trust","order_by":null,"url":"\/64.2-792\/"}],"refers_to":false,"permalink":{"id":274197,"object_type":"law","relational_id":85139,"identifier":"64.2-803","token":"64.2\/III\/7\/10\/64.2-803","url":"\/64.2-803\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/64.2-803\/","token":"64.2\/III\/7\/10\/64.2-803","dublin_core":{"Title":"Protection of person dealing with trustee","Type":"Text","Format":"text\/html","Identifier":"\u00a7 64.2-803","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> A person<\/span> other than a beneficiary<\/span> who in good faith assists a trustee<\/span>, or who in good faith and for value<\/span> deals with a trustee<\/span>, without knowledge that the trustee<\/span> is exceeding or improperly exercising the trustee<\/span>’s powers, is protected from liability as if the trustee<\/span> properly exercised the power. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> A person<\/span> other than a beneficiary<\/span> who in good faith deals with a trustee<\/span> is not required to inquire into the extent of the trustee<\/span>’s powers or the propriety of their exercise. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> A person<\/span> who in good faith delivers assets<\/span> to a trustee<\/span> need not ensure their proper application. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> A person<\/span> other than a beneficiary<\/span> who in good faith assists a former trustee<\/span>, or who in good faith and for value<\/span> deals with a former trustee<\/span>, without knowledge that the trusteeship has terminated is protected from liability as if the former trustee<\/span> were still a trustee<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

E.<\/span> Comparable protective provisions of other laws<\/span> relating to commercial transactions or transfer of securities by fiduciaries prevail over the protection provided by this section. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nPROTECTION OF PERSON DEALING WITH TRUSTEE (\u00a7 64.2-803)\n\nA. A person other than a beneficiary who in good faith assists a trustee, or who\nin good faith and for value deals with a trustee, without knowledge that the\ntrustee is exceeding or improperly exercising the trustee’s powers, is\nprotected from liability as if the trustee properly exercised the power.\n\nB. A person other than a beneficiary who in good faith deals with a trustee is\nnot required to inquire into the extent of the trustee’s powers or the\npropriety of their exercise.\n\nC. A person who in good faith delivers assets to a trustee need not ensure their\nproper application.\n\nD. A person other than a beneficiary who in good faith assists a former trustee,\nor who in good faith and for value deals with a former trustee, without\nknowledge that the trusteeship has terminated is protected from liability as if\nthe former trustee were still a trustee.\n\nE. Comparable protective provisions of other laws relating to commercial\ntransactions or transfer of securities by fiduciaries prevail over the\nprotection provided by this section.\n\nHISTORY: 2005, c. 935, \u00a7 55-550.12; 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}}