                                 CODE OF VIRGINIA

APPLICABLE LAW (§ 64.2-918)

A. This chapter applies to a transfer or declaration creating a custodial trust
that refers to this chapter if, at the time of the transfer or declaration, the
transferor, beneficiary, or custodial trustee is a resident of or has its
principal place of business in the Commonwealth or custodial trust property is
located in the Commonwealth. The custodial trust remains subject to this chapter
despite a later change in residence or principal place of business of the
transferor, beneficiary, or custodial trustee, or removal of the custodial trust
property from the Commonwealth.

B. A transfer made pursuant to an act of another state substantially similar to
this chapter is governed by the law of that state and may be enforced in the
Commonwealth.

HISTORY: 1990, c. 264, § 55-34.19; 2012, c. 614.