<?xml version="1.0"?>
<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>64836</law_id><section_number>64.2-779.2</section_number><catch_line>Fiduciary duty</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="64.2">Wills, Trusts, and Fiduciaries</unit><unit label="subtitle" level="2" order_by="1" identifier="III">Trusts</unit><unit label="chapter" level="3" order_by="1" identifier="7">Uniform Trust Code</unit><unit label="article" level="4" order_by="1" identifier="8.1">Uniform Trust Decanting Act</unit></structure><text>
						<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"/></a></p></section>
						<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"/></a></p></section>
						<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"/></a></p></section></text><history>2017, c. 592.</history><metadata></metadata></law>
