§ 64.2-779.38 — Office of trust director

Virginia § 64.2-779.38

• Jurisdiction: Virginia
• Title 64.2: Wills, Trusts, and Fiduciaries
• Subtitle III: Trusts
• Ch. 7: Uniform Trust Code
• Art. 8.2: Uniform Directed Trust Act

Text

Unless the terms of a trust provide otherwise, the rules applicable to a trustee apply to a trust director regarding the following matters:

1. Acceptance under § 64.2-754;

2. Giving of bond to secure performance under § 64.2-755;

3. Reasonable compensation under § 64.2-761;

4. Resignation under § 64.2-758;

5. Removal under § 64.2-759; and

6. Vacancy and appointment of successor under § 64.2-757.

Legislative History

2020, c. 768.