                                 CODE OF VIRGINIA

CONSERVATORS, GUARDIANS OF MINORS&#8217; ESTATES, COMMITTEES, TRUSTEES UNDER §
64.2-2016, AND RECEIVERS (§ 64.2-1305)

A. Within six months from the date of the qualification, conservators, guardians
of minors&#8217; estates, committees, and trustees under &#xA7; 64.2-2016 shall
exhibit before the commissioner of accounts a statement of all money and other
property that the fiduciary has received, has become chargeable with, or has
disbursed within four months from the date of qualification.

B. After the first account of the fiduciary has been filed and settled, the
second and subsequent accounts for each succeeding 12-month period shall be due
within four months from the last day of the 12-month period commencing on the
terminal date of the preceding account unless the commissioner of accounts
extends the period for filing upon reasonable cause.

C. For fiduciaries acting on behalf of Medicaid recipients, the fees charged by
the commissioners of accounts under subsection A or B shall not exceed $25.

D. Any account filed with the commissioner pursuant to this section shall be
signed under oath by the fiduciary making such filing. If a fiduciary makes a
false entry or statement in such a filing, he shall be subject to a civil
penalty of not more than $500. Such penalty shall be collected by the attorney
for the Commonwealth or the county or city attorney, and the proceeds shall be
deposited into the general fund.

HISTORY: 1993, c. 689, § 26-17.4; 1997, cc. 214, 921; 1999, cc. 16, 378; 2012,
c. 614; 2020, cc. 190, 372.