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Virginia · Through 9/4/2026 · Newer source version available

Va. Code § 64.2-779.15: Removal or replacement of authorized fiduciary

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Where this section sits in the code
  1. Title 64.2. WILLS, TRUSTS, AND FIDUCIARIES
  2. Subtitle III. TRUSTS
  3. Chapter 7. UNIFORM TRUST CODE
  4. Article 8.1. UNIFORM TRUST DECANTING ACT

An authorized fiduciary may not exercise the decanting power to modify a provision in a first-trust instrument granting another person power to remove or replace the fiduciary unless:1. The person holding the power consents to the modification in a signed record and the modification applies only to the person;2. The person holding the power and the qualified beneficiaries of the second trust consent to the modification in a signed record and the modification grants a substantially similar power to another person; or3. The court approves the modification and the modification grants a substantially similar power to another person.2017, c. 592.

Collected 2026-09-04T15:18:14Z. Source file · JSON

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