Va. Code § 64.2-799: Exculpation of trustee
Where this section sits in the code
- Title 64.2. WILLS, TRUSTS, AND FIDUCIARIES
- Subtitle III. TRUSTS
- Chapter 7. UNIFORM TRUST CODE
- Article 10. LIABILITY OF TRUSTEES AND RIGHTS OF PERSONS DEALING WITH TRUSTEE
A. A term of a trust relieving a trustee of liability for breach of trust is unenforceable to the extent that it:1. Relieves the trustee of liability for breach of trust committed in bad faith or with reckless indifference to the purposes of the trust or the interests of the beneficiaries; or2. Was inserted as the result of an abuse by the trustee of a fiduciary or confidential relationship to the settlor.B. An exculpatory term drafted or caused to be drafted by the trustee is invalid as an abuse of a fiduciary or confidential relationship unless the trustee proves that the existence and contents of the exculpatory term were adequately communicated to the settlor.2005, c. 935, § 55-550.08; 2012, c. 614.
Collected 2026-09-04T15:18:14Z. Source file · JSON