{"data":{"id":"us-va/va.-code-13.1-1229","jurisdiction":"us-va","citation":"Va. Code § 13.1-1229","heading":"Trustee standards of conduct; trustee liability; restrictions on liability limitations in governing instrument","body":"A. A trustee shall discharge his duties as a trustee in accordance with the standards of conduct provided for directors of a Virginia corporation pursuant to §§ 13.1-690 and 13.1-691.B. Subject to the provisions of subsection C, and except to the extent otherwise provided in the articles of trust or in the governing instrument of a business trust, a trustee, when acting in such capacity, is not personally liable to any person other than the business trust or a beneficial owner for any act, omission, or obligation of the business trust or any trustee.C. A trustee or officer of a business trust shall have no liability to the business trust or a beneficial owner for any act or omission greater than that of directors or officers of a Virginia corporation to the corporation as provided in Chapter 9 (§ 13.1-601 et seq.) of this title, including any elimination of liability provided for in the articles of trust or governing instrument.2002, c. 621.","path":["Title 13.1. CORPORATIONS","Chapter 14. VIRGINIA BUSINESS TRUST ACT","Article 5. TRUSTEES"],"source_url":"https://law.lis.virginia.gov/vacode/13.1-1229/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:14:14Z","sha256":"cc13cce60d9a76401fdb49605dfcca966f5eefe71a5e5defc8c36f7502a35e95","source_id":"us-va","stale":true,"prev":"us-va/va.-code-13.1-1228","next":"us-va/va.-code-13.1-1230"},"notice":"GroundRules: Original legal text. Not legal advice."}