                                 CODE OF VIRGINIA

DELIVERY OF PROPERTY BY FORMER TRUSTEE (§ 64.2-760)

A. Unless a cotrustee remains in office or the court otherwise orders, and until
the trust property is delivered to a successor trustee or other person entitled
to it, a trustee who has resigned or been removed has the duties of a trustee
and the powers necessary to protect the trust property.

B. A trustee who has resigned or been removed shall proceed expeditiously to
deliver the trust property within the trustee&#8217;s possession to the
cotrustee, successor trustee, or other person entitled to it.

C. Title to all trust property shall be owned and vested in any successor
trustee, upon acceptance of the trusteeship, without any conveyance, transfer,
or assignment by the prior trustee.

HISTORY: 2005, c. 935, § 55-547.07; 2012, c. 614.