{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/64.2-900.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/64.2-900.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/64.2-900.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/64.2-900.html"}],"law_id":66999,"edition_id":1,"section_id":66999,"structure_id":13564,"section_number":"64.2-900","catch_line":"Definitions","history":"1990, c. 264, \u00a7 55-34.1; 2012, c. 614.","full_text":"As used in this chapter:\n\t\t“Adult” means an individual who is at least 18 years of age.\n\t\t“Beneficiary” means an individual for whom property has been transferred to or held under a declaration of trust by a custodial trustee for the individual’s use and benefit under this chapter.\n\t\t“Conservator” means a person appointed or qualified by a court to manage the estate of an individual or a person legally authorized to perform substantially the same functions.\n\t\t“Court” means a circuit court of the Commonwealth.\n\t\t“Custodial trust property” means an interest in property transferred to or held under a declaration of trust by a custodial trustee under this chapter and the income from and proceeds of that interest.\n\t\t“Custodial trustee” means a person designated as trustee of a custodial trust under this chapter or a substitute or successor to the person designated.\n\t\t“Guardian” means a person appointed or qualified by a court as a guardian of a person, including a limited guardian, but not a person who is only a guardian ad litem.\n\t\t“Incapacitated” means lacking the ability to manage property and business affairs effectively by reason of mental illness, mental deficiency, physical illness or disability, chronic use of drugs, chronic intoxication, confinement, detention by a foreign power, disappearance, minority, or other disabling cause.\n\t\t“Legal representative” means a personal representative or conservator.\n\t\t“Member of the beneficiary’s family” means a beneficiary’s spouse, descendant, stepchild, parent, stepparent, grandparent, brother, sister, uncle, or aunt, whether of the whole or half blood or by adoption.\n\t\t“Person” means an individual, corporation, business trust, estate, trust, partnership, joint venture, association, or any other legal or commercial entity.\n\t\t“Personal representative” means an executor, administrator, or special administrator of a decedent’s estate, a person legally authorized to perform substantially the same functions, or a successor to any of them.\n\t\t“State” means a state, territory, or possession of the United States, the District of Columbia, or the Commonwealth of Puerto Rico.\n\t\t“Transferor” means a person who creates a custodial trust by transfer or declaration.\n\t\t“Trust company” means a financial institution, corporation, or other legal entity authorized to exercise general trust powers.","order_by":null,"text":{"0":{"id":242853,"text":"As used in this chapter:\n\t\t“Adult” means an individual who is at least 18 years of age.\n\t\t“Beneficiary” means an individual for whom property has been transferred to or held under a declaration of trust by a custodial trustee for the individual’s use and benefit under this chapter.\n\t\t“Conservator” means a person appointed or qualified by a court to manage the estate of an individual or a person legally authorized to perform substantially the same functions.\n\t\t“Court” means a circuit court of the Commonwealth.\n\t\t“Custodial trust property” means an interest in property transferred to or held under a declaration of trust by a custodial trustee under this chapter and the income from and proceeds of that interest.\n\t\t“Custodial trustee” means a person designated as trustee of a custodial trust under this chapter or a substitute or successor to the person designated.\n\t\t“Guardian” means a person appointed or qualified by a court as a guardian of a person, including a limited guardian, but not a person who is only a guardian ad litem.\n\t\t“Incapacitated” means lacking the ability to manage property and business affairs effectively by reason of mental illness, mental deficiency, physical illness or disability, chronic use of drugs, chronic intoxication, confinement, detention by a foreign power, disappearance, minority, or other disabling cause.\n\t\t“Legal representative” means a personal representative or conservator.\n\t\t“Member of the beneficiary’s family” means a beneficiary’s spouse, descendant, stepchild, parent, stepparent, grandparent, brother, sister, uncle, or aunt, whether of the whole or half blood or by adoption.\n\t\t“Person” means an individual, corporation, business trust, estate, trust, partnership, joint venture, association, or any other legal or commercial entity.\n\t\t“Personal representative” means an executor, administrator, or special administrator of a decedent’s estate, a person legally authorized to perform substantially the same functions, or a successor to any of them.\n\t\t“State” means a state, territory, or possession of the United States, the District of Columbia, or the Commonwealth of Puerto Rico.\n\t\t“Transferor” means a person who creates a custodial trust by transfer or declaration.\n\t\t“Trust company” means a financial institution, corporation, or other legal entity authorized to exercise general trust powers.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":13564,"edition_id":1,"name":"Uniform Custodial Trust Act","identifier":"9","label":"chapter","depth":3,"order_by":1,"parent_id":12724,"metadata":{},"date_created":"2026-06-26 03:45:15","date_modified":"2026-06-26 03:45:15","permalink":{"id":274735,"object_type":"structure","relational_id":13564,"identifier":"9","token":"64.2\/III\/9","url":"\/64.2\/III\/9\/","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":66999,"structure_id":13564,"section_number":"64.2-900","catch_line":"Definitions","url":"\/64.2-900\/","token":"64.2\/III\/9\/64.2-900","metadata":false},{"id":57024,"structure_id":13564,"section_number":"64.2-901","catch_line":"Custodial trust; creation and termination; general provisions","url":"\/64.2-901\/","token":"64.2\/III\/9\/64.2-901","metadata":false},{"id":74644,"structure_id":13564,"section_number":"64.2-902","catch_line":"Custodial trustee for future payment or transfer","url":"\/64.2-902\/","token":"64.2\/III\/9\/64.2-902","metadata":false},{"id":58164,"structure_id":13564,"section_number":"64.2-903","catch_line":"Form and effect of receipt and acceptance by custodial trustee; jurisdiction","url":"\/64.2-903\/","token":"64.2\/III\/9\/64.2-903","metadata":false},{"id":77892,"structure_id":13564,"section_number":"64.2-904","catch_line":"Transfer to custodial trustee by fiduciary or obligor; facility of payment","url":"\/64.2-904\/","token":"64.2\/III\/9\/64.2-904","metadata":false},{"id":68669,"structure_id":13564,"section_number":"64.2-905","catch_line":"Multiple beneficiaries; separate custodial trusts; survivorship","url":"\/64.2-905\/","token":"64.2\/III\/9\/64.2-905","metadata":false},{"id":64170,"structure_id":13564,"section_number":"64.2-906","catch_line":"General duties of custodial trustee","url":"\/64.2-906\/","token":"64.2\/III\/9\/64.2-906","metadata":false},{"id":73358,"structure_id":13564,"section_number":"64.2-907","catch_line":"General powers of custodial trustee","url":"\/64.2-907\/","token":"64.2\/III\/9\/64.2-907","metadata":false},{"id":54526,"structure_id":13564,"section_number":"64.2-908","catch_line":"Use of custodial trust property","url":"\/64.2-908\/","token":"64.2\/III\/9\/64.2-908","metadata":false},{"id":68505,"structure_id":13564,"section_number":"64.2-909","catch_line":"Determination of incapacity; effect","url":"\/64.2-909\/","token":"64.2\/III\/9\/64.2-909","metadata":false},{"id":85961,"structure_id":13564,"section_number":"64.2-910","catch_line":"Exemption of third person from liability","url":"\/64.2-910\/","token":"64.2\/III\/9\/64.2-910","metadata":false},{"id":60757,"structure_id":13564,"section_number":"64.2-911","catch_line":"Liability to third person; exceptions","url":"\/64.2-911\/","token":"64.2\/III\/9\/64.2-911","metadata":false},{"id":84334,"structure_id":13564,"section_number":"64.2-912","catch_line":"Declination, resignation, incapacity, death, or removal of custodial trustee; designation of successor","url":"\/64.2-912\/","token":"64.2\/III\/9\/64.2-912","metadata":false},{"id":68794,"structure_id":13564,"section_number":"64.2-913","catch_line":"Expenses, compensation, and bond of custodial trustee","url":"\/64.2-913\/","token":"64.2\/III\/9\/64.2-913","metadata":false},{"id":67869,"structure_id":13564,"section_number":"64.2-914","catch_line":"Reporting and accounting by custodial trustee; determination of liability","url":"\/64.2-914\/","token":"64.2\/III\/9\/64.2-914","metadata":false},{"id":61760,"structure_id":13564,"section_number":"64.2-915","catch_line":"Limitations of action against custodial trustee","url":"\/64.2-915\/","token":"64.2\/III\/9\/64.2-915","metadata":false},{"id":58406,"structure_id":13564,"section_number":"64.2-916","catch_line":"Distribution on termination","url":"\/64.2-916\/","token":"64.2\/III\/9\/64.2-916","metadata":false},{"id":75814,"structure_id":13564,"section_number":"64.2-917","catch_line":"Methods and forms for creating custodial trusts","url":"\/64.2-917\/","token":"64.2\/III\/9\/64.2-917","metadata":false},{"id":71807,"structure_id":13564,"section_number":"64.2-918","catch_line":"Applicable law","url":"\/64.2-918\/","token":"64.2\/III\/9\/64.2-918","metadata":false}],"next_section":{"id":57024,"structure_id":13564,"section_number":"64.2-901","catch_line":"Custodial trust; creation and termination; general provisions","url":"\/64.2-901\/","token":"64.2\/III\/9\/64.2-901","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/64.2-900\/","history_text":"

This law was first created in 1990. The record of its establishment is cataloged in chapter 264 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. Unfortunately, the 1990 \u201cActs\u201d aren\u2019t available online. 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":79409,"section_number":"64.2-105","catch_line":"Incorporation by reference of certain powers of fiduciaries into will or trust instrument","order_by":null,"url":"\/64.2-105\/"},{"id":65446,"section_number":"64.2-1638","catch_line":"Gifts","order_by":null,"url":"\/64.2-1638\/"},{"id":57425,"section_number":"64.2-601","catch_line":"Payment or delivery of small asset by affidavit","order_by":null,"url":"\/64.2-601\/"},{"id":71830,"section_number":"64.2-778","catch_line":"Specific powers of trustee","order_by":null,"url":"\/64.2-778\/"}],"refers_to":false,"permalink":{"id":274737,"object_type":"law","relational_id":66999,"identifier":"64.2-900","token":"64.2\/III\/9\/64.2-900","url":"\/64.2-900\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/64.2-900\/","token":"64.2\/III\/9\/64.2-900","dublin_core":{"Title":"Definitions","Type":"Text","Format":"text\/html","Identifier":"\u00a7 64.2-900","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

As used in this chapter:\n\t\t“Adult<\/span>” means an individual who is at least 18 years of age.\n\t\t“Beneficiary<\/span>” means an individual for whom property has been transferred to or held under a declaration of trust by a custodial trustee<\/span> for the individual’s use and benefit under this chapter.\n\t\t“Conservator<\/span>” means a person<\/span> appointed or qualified by a court<\/span> to manage the estate of an individual or a person<\/span> legally authorized to perform substantially the same functions.\n\t\t“Court<\/span>” means a circuit<\/span> court<\/span> of the Commonwealth.\n\t\t“Custodial trust property<\/span>” means an interest in property transferred to or held under a declaration of trust by a custodial trustee<\/span> under this chapter and the income from and proceeds of that interest.\n\t\t“Custodial trustee<\/span>” means a person<\/span> designated as trustee of a custodial trust under this chapter or a substitute or successor to the person<\/span> designated.\n\t\t“Guardian” means a person<\/span> appointed or qualified by a court<\/span> as a guardian of a person<\/span>, including a limited guardian, but not a person<\/span> who is only a guardian ad litem<\/span>.\n\t\t“Incapacitated<\/span>” means lacking the ability to manage property and business affairs effectively by reason of mental illness, mental deficiency, physical illness or disability, chronic use of drugs, chronic intoxication, confinement, detention by a foreign power, disappearance, minority, or other disabling cause.\n\t\t“Legal representative<\/span>” means a personal representative<\/span> or conservator<\/span>.\n\t\t“Member of the beneficiary<\/span>’s family” means a beneficiary<\/span>’s spouse, descendant, stepchild, parent, stepparent, grandparent, brother, sister, uncle, or aunt, whether of the whole or half blood or by adoption.\n\t\t“Person<\/span>” means an individual, corporation, business trust, estate, trust, partnership, joint venture, association, or any other legal or commercial entity.\n\t\t“Personal representative<\/span>” means an executor, administrator, or special administrator of a decedent’s estate, a person<\/span> legally authorized to perform substantially the same functions, or a successor to any of them.\n\t\t“State<\/span>” means a state<\/span>, territory, or possession<\/span> of the United States<\/span>, the District of Columbia, or the Commonwealth of Puerto Rico.\n\t\t“Transferor<\/span>” means a person<\/span> who creates a custodial trust by transfer or declaration.\n\t\t“Trust company<\/span>” means a financial institution, corporation, or other legal entity authorized to exercise general trust powers.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDEFINITIONS (\u00a7 64.2-900)\n\nAs used in this chapter:\n\t\t“Adult” means an individual who is at least 18 years of age.\n\t\t“Beneficiary” means an individual for whom property has been\ntransferred to or held under a declaration of trust by a custodial trustee for\nthe individual’s use and benefit under this chapter.\n\t\t“Conservator” means a person appointed or qualified by a court to\nmanage the estate of an individual or a person legally authorized to perform\nsubstantially the same functions.\n\t\t“Court” means a circuit court of the Commonwealth.\n\t\t“Custodial trust property” means an interest in property\ntransferred to or held under a declaration of trust by a custodial trustee under\nthis chapter and the income from and proceeds of that interest.\n\t\t“Custodial trustee” means a person designated as trustee of a\ncustodial trust under this chapter or a substitute or successor to the person\ndesignated.\n\t\t“Guardian” means a person appointed or qualified by a court as a\nguardian of a person, including a limited guardian, but not a person who is only\na guardian ad litem.\n\t\t“Incapacitated” means lacking the ability to manage property and\nbusiness affairs effectively by reason of mental illness, mental deficiency,\nphysical illness or disability, chronic use of drugs, chronic intoxication,\nconfinement, detention by a foreign power, disappearance, minority, or other\ndisabling cause.\n\t\t“Legal representative” means a personal representative or\nconservator.\n\t\t“Member of the beneficiary’s family” means a\nbeneficiary’s spouse, descendant, stepchild, parent, stepparent,\ngrandparent, brother, sister, uncle, or aunt, whether of the whole or half blood\nor by adoption.\n\t\t“Person” means an individual, corporation, business trust, estate,\ntrust, partnership, joint venture, association, or any other legal or commercial\nentity.\n\t\t“Personal representative” means an executor, administrator, or\nspecial administrator of a decedent’s estate, a person legally authorized\nto perform substantially the same functions, or a successor to any of them.\n\t\t“State” means a state, territory, or possession of the United\nStates, the District of Columbia, or the Commonwealth of Puerto Rico.\n\t\t“Transferor” means a person who creates a custodial trust by\ntransfer or declaration.\n\t\t“Trust company” means a financial institution, corporation, or\nother legal entity authorized to exercise general trust powers.\n\nHISTORY: 1990, c. 264, \u00a7 55-34.1; 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}}