                                 CODE OF VIRGINIA

AMENDMENT OF TRUST WHERE GIFT, GRANT, OR WILL ESTABLISHES PRIVATE FOUNDATION OR
CONSTITUTES A CHARITABLE TRUST OR A SPLIT-INTEREST TRUST (§ 64.2-736)

When any such gift, grant, devise, or bequest establishes a private foundation,
as defined in § 509 of the Internal Revenue Code, or constitutes a charitable
trust, as described in § 4947(a)(1) of the Internal Revenue Code, or a
split-interest trust, as described in § 4947(a)(2) of the Internal Revenue
Code, the trustee or trustees of such trust, with the concurrence of the creator
of the trust, if then living and able to give such consent, and the Attorney
General, may, without resort to any court, unless such amendment is inconsistent
with an express provision of such trust&#8217;s governing instrument, amend the
terms of such trust to bring such trust into or continue such trust in
conformity with requirements for exemption of such trust, or any interest
therein, from federal taxes. When such gift, grant, or will is recorded, a copy
of such amendment shall be similarly recorded.

HISTORY: 2005, c. 935, § 55-544.18; 2012, c. 614.