Article 1 Appointment, Qualification, Resignation, and Removal of Fiduciaries
This article is comprised of the following sections:
- §64.2-1400 Authority to qualify trustee; necessity for security; notice of qualification; qualification by less than all of trustees named
- §64.2-1401 Jurisdiction for qualification of testamentary trustee; qualification and bond; when surety not required
- §64.2-1402 Jurisdiction for qualification of certain testamentary trustees and trustees generally
- §64.2-1403 Qualification of trustees
- §64.2-1404 New fiduciary appointed when authority of former revoked
- §64.2-1405 Court may appoint trustee in place of one named in will, deed, or other writing; management by corporate trustee outside of the Commonwealth
- §64.2-1406 Notice required; certain substitutions validated
- §64.2-1407 Who to execute the trust until new trustee appointed
- §64.2-1408 Circuit court may exercise same powers in suit to enforce or administer trust
- §64.2-1409 Information to be provided to clerk by fiduciary
- §64.2-1410 When court may require new bond or revoke authority; giving new bond upon motion of fiduciary, surety, or other party in interest
- §64.2-1411 When fiduciary may qualify without security; requirements for issuance of certificates of qualification; payments
- §64.2-1412 How trustee required to give bond; when to be removed and another appointed
- §64.2-1413 Placing certain trust assets in designated financial institutions; waiver or reduction of bond of fiduciary
- §64.2-1414 Effect of orders of qualification of bank as committee or guardian
- §64.2-1415 Liability for losses by negligence or failure to make defense
- §64.2-1416 Liability of fiduciary for actions of cofiduciary
- §64.2-1417 How judgment may be entered against personal representative, conservator, or committee
- §64.2-1418 Court order for payments due from fiduciaries; effect
- §64.2-1419 Execution of fiduciary bond or appointment of agent designates clerk as attorney for service of process
- §64.2-1420 Clerk to mail notice, process, or rule to person served
- §64.2-1421 What judgment or decree based upon service upon clerk shall specifically adjudicate
- §64.2-1422 Environmental liability of fiduciaries
- §64.2-1423 Trustee not disqualified due to status as stockholder, employee, or officer of corporate noteholder; sale of property by trustee not voidable
- §64.2-1424 Resignation by fiduciary of his trust
- §64.2-1425 How securities transferred to successor