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Virginia Code 6.2-1178 - Accounts held by various trustees for same beneficiary.

Virginia Code > Title 6.2 > Chapter 11 > § 6.2-1178 - Accounts held by various trustees for same beneficiary.

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§ 6.2-1178. Accounts held by various trustees for same beneficiary.

Whenever trust interests or accounts are created for the same beneficiary, and each interest or account is in the name of a separate and distinct trustee or combination of trustees, each trust interest or account shall constitute a separate, distinct, and valid trust entity for all purposes.

(Code 1950, § 6-201.22:1; 1966, cc. 219, 584, § 6.1-149.1; 1972, c. 796, § 6.1-195.24; 1985, c. 425, § 6.1-194.61; 2010, c. 794.)