                                 CODE OF VIRGINIA

COURT MAY APPOINT TRUSTEE IN PLACE OF ONE NAMED IN WILL, DEED, OR OTHER WRITING;
MANAGEMENT BY CORPORATE TRUSTEE OUTSIDE OF THE COMMONWEALTH (§ 64.2-1405)

A. If a trustee named in a will, deed, or other writing (i) dies, (ii) becomes
incapable of executing the trust on account of physical or mental disability or
confinement in prison, (iii) if residency is statutorily required, is no longer
a resident of the Commonwealth, (iv) declines to accept the trust, (v) resigns
the trust after having accepted the trust, (vi) in the case of a corporate
trustee, is adjudicated bankrupt or for any reason loses its charter, (vii) for
any other reason ceases to be eligible to continue serving as trustee, or (viii)
for any other good cause shown, the circuit court in which such will was
admitted to probate or such deed or other writing is or might have been
recorded, or if the trustee is a corporation, in which its principal office in
the Commonwealth is located, or in which the trustee resides, may on motion of
any interested party, and upon satisfactory evidence of any of the conditions in
clauses (i) through (viii), appoint a trustee in place of the trustee named in
the instrument.

B. The circuit court may appoint a substitute corporate trustee whenever a
corporate trustee removes the management function over an existing trust which
was previously managed in the Commonwealth to a jurisdiction outside of the
Commonwealth if the court finds that the management of the trust after such
removal results in good cause for the substitution of the trustee. A corporate
trustee that maintains a place of business in the Commonwealth where one or more
trust officers are available on a regular basis for personal contact with trust
customers or beneficiaries shall not be deemed to have removed such management
function.

HISTORY: Code 1919, § 6298; 1930, p. 350; 1934, p. 162; 1950, p. 457, § 26-48;
1998, cc. 392, 410; 2012, c. 614.