Duties and Powers of Trustee | Midpage

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Code of Virginia

Article 8

Duties and Powers of Trustee

64.2-763Duty to administer trust and invest 64.2-764Duty of loyalty 64.2-765Impartiality 64.2-766Prudent administration 64.2-767Costs of administration 64.2-768Trustee's skills 64.2-769Delegation by trustee 64.2-771Control and protection of trust property 64.2-772Recordkeeping and identification of trust property 64.2-773Enforcement and defense of claims 64.2-774Collecting trust property 64.2-775Duty to inform and report 64.2-776Discretionary powers; tax savings 64.2-777General powers of trustee 64.2-778Specific powers of trustee 64.2-779Distribution upon termination