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Virginia Code 55-550.01 - Remedies for breach of trust.

Virginia Code > Title 55 > Chapter 31 > § 55-550.01 - Remedies for breach of trust.

^{Current as of: 2011}

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2008 version

§ 55-550.01. Remedies for breach of trust.

A. A violation by a trustee of a duty the trustee owes to a beneficiary is a breach of trust.

B. To remedy a breach of trust that has occurred or may occur, the court may:

1. Compel the trustee to perform the trustee's duties;

2. Enjoin the trustee from committing a breach of trust;

3. Compel the trustee to redress a breach of trust by paying money, restoring property, or other means;

4. Order a trustee to account;

5. Appoint a special fiduciary to take possession of the trust property and administer the trust;

6. Suspend the trustee;

7. Remove the trustee as provided in § 55-547.06;

8. Reduce or deny compensation to the trustee;

9. Subject to § 55-550.12, void an act of the trustee, impose a lien or a constructive trust on trust property, or trace trust property wrongfully disposed of and recover the property or its proceeds; or

10. Order any other appropriate relief.

(2005, c. 935.)

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Trusts

Virginia Code 55-550.01 - Remedies for breach of trust.

Virginia Code > Title 55 > Chapter 31 > § 55-550.01 - Remedies for breach of trust.

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