                                 CODE OF VIRGINIA

COMMUTATION IN CASE OF PERSONS UNDER DISABILITY (§ 55.1-505)

In any case in which, under the laws of the Commonwealth, a provision is made
for commutation in money of a life estate when all the parties interested are
under no disability, such provision shall also apply when any of the parties
interested are under disability. Where any of the parties interested are under
disability, the court may, upon application of the guardian, conservator,
committee, or trustee, if any, and, if not, by a guardian ad litem appointed by
the clerk or judge of said court, of any such person, on behalf of his ward, and
upon hearing evidence satisfactory to such court or judge, enter an order
authorizing such guardian, conservator, committee, trustee, or guardian ad litem
to consent on behalf of such person under disability to such commutation. Such
consent shall be as valid and effective as if the person on whose behalf it was
given were sui juris and had given such consent. All judicial orders and decrees
entered prior to July 1, 1960, authorizing any such commutation where persons
under disability were interested, are hereby validated and confirmed, provided
that nothing in this section shall be construed as intended to impair any vested
right.

HISTORY: 1926, p. 746; Michie Code 1942, § 5133b; 1948, p. 682; Code 1950, §
55-276; 1960, c. 45; 1997, c. 801; 2019, c. 712.