                                 CODE OF VIRGINIA

RELIANCE ON CERTIFICATE OF QUALIFICATION OF A PERSONAL REPRESENTATIVE (§
64.2-520.2)

A. Any individual or entity conducting business in good faith with a personal
representative who presents a currently effective certificate of qualification
may presume that the personal representative is properly authorized to act as to
any matter or transaction. A person that refuses in violation of this section to
accept a certificate of qualification is subject to (i) a court order mandating
acceptance of the certificate of qualification and (ii) liability for reasonable
attorney fees and costs incurred in any action or proceeding that confirms the
validity of the certificate of qualification or mandates acceptance of the
certificate of qualification.

B. A person shall either accept or reject a certificate of qualification no
later than seven business days after presentation of such certificate of
qualification for acceptance. A person is not required to accept a certificate
of qualification for a transaction if:

   1. Engaging in the transaction with the personal representative would be
   inconsistent with state or federal law;

   2. The person has actual knowledge of the termination of the personal
   representative&#8217;s authority or of the certificate of qualification before
   exercise of the power;

   3. The person in good faith believes that the certificate of qualification is
   not valid or that the personal representative does not have the authority to
   perform the act requested; or

   4. The person believes in good faith that the transaction may involve,
   facilitate, result in, or contribute to financial exploitation.

HISTORY: 2020, c. 702.