                                 CODE OF VIRGINIA

FIDUCIARY MAY SUBMIT TO ARBITRATION (§ 8.01-581)

Any personal representative of a decedent, fiduciary of a person under a
disability, or other fiduciary may submit to arbitration any suit or matter of
controversy touching the estate or property of such decedent, or person under a
disability or in respect to which he is trustee. And any submission so made in
good faith, and the award made thereupon, shall be binding and entered as the
judgment of a court, if so required by the agreement, in the same manner as
other submissions and awards. No such fiduciary shall be responsible for any
loss sustained by an award adverse to the interests of the person under a
disability or beneficiary under any such trust, unless it was caused by his
fault or neglect.

HISTORY: Code 1950, § 8-507; 1977, c. 617.