Appointment, Qualification, Resignation, and Removal of Fiduciaries
64.2-1400Authority to qualify trustee; necessity for security; notice of qualification; qualification by less than all of trustees named64.2-1401Jurisdiction for qualification of testamentary trustee; qualification and bond; when surety not required64.2-1402Jurisdiction for qualification of certain testamentary trustees and trustees generally64.2-1403Qualification of trustees64.2-1404New fiduciary appointed when authority of former revoked64.2-1405Court may appoint trustee in place of one named in will, deed, or other writing; management by corporate trustee outside of the Commonwealth64.2-1406Notice required; certain substitutions validated64.2-1407Who to execute the trust until new trustee appointed64.2-1408Circuit court may exercise same powers in suit to enforce or administer trust64.2-1409Information to be provided to clerk by fiduciary64.2-1410When court may require new bond or revoke authority; giving new bond upon motion of fiduciary, surety, or other party in interest64.2-1411When fiduciary may qualify without security; requirements for issuance of certificates of qualification; payments64.2-1412How trustee required to give bond; when to be removed and another appointed64.2-1413Placing certain trust assets in designated financial institutions; waiver or reduction of bond of fiduciary64.2-1414Effect of orders of qualification of bank as committee or guardian64.2-1415Liability for losses by negligence or failure to make defense64.2-1416Liability of fiduciary for actions of cofiduciary64.2-1417How judgment may be entered against personal representative, conservator, or committee64.2-1418Court order for payments due from fiduciaries; effect64.2-1419Execution of fiduciary bond or appointment of agent designates clerk as attorney for service of process64.2-1420Clerk to mail notice, process, or rule to person served64.2-1421What judgment or decree based upon service upon clerk shall specifically adjudicate64.2-1422Environmental liability of fiduciaries64.2-1423Trustee not disqualified due to status as stockholder, employee, or officer of corporate noteholder; sale of property by trustee not voidable64.2-1424Resignation by fiduciary of his trust64.2-1425How securities transferred to successor