Virginia Code 64.2-749: Personal obligations of trustee
Current as of: 2023 | Check for updates
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Trust property is not subject to personal obligations of the trustee, even if the trustee becomes insolvent or bankrupt.
Terms Used In Virginia Code 64.2-749
- Property: means anything that may be the subject of ownership, whether real or personal, legal or equitable, or any interest therein. See Virginia Code 64.2-701
- Trustee: A person or institution holding and administering property in trust.
- Trustee: includes an original, additional, and successor trustee and a cotrustee. See Virginia Code 64.2-701