Virginia Code 64.2-779.38: Office of trust director
Current as of: 2023 | Check for updates
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Unless the terms of a trust provide otherwise, the rules applicable to a trustee apply to a trust director regarding the following matters:
Terms Used In Virginia Code 64.2-779.38
- Terms of a trust: means :
1. See Virginia Code 64.2-701
- Trust director: means a person that is granted a power of direction by the terms of a trust to the extent the power is exercisable while the person is not serving as a trustee. See Virginia Code 64.2-701
1. Acceptance under § 64.2-754;
2. Giving of bond to secure performance under § 64.2-755;
3. Reasonable compensation under § 64.2-761;
4. Resignation under § 64.2-758;
5. Removal under § 64.2-759; and
6. Vacancy and appointment of successor under § 64.2-757.
2020, c. 768.