{"data":{"id":"us-va/va.-code-64.2-788","jurisdiction":"us-va","citation":"Va. Code § 64.2-788","heading":"Delegation of investment and management functions","body":"A. A trustee may delegate investment and management functions that a prudent trustee of comparable skills could properly delegate under the circumstances. The trustee shall exercise reasonable care, skill, and caution in:1. Selecting an agent;2. Establishing the scope and terms of the delegation, consistent with the purposes and terms of the trust; and3. Periodically reviewing the agent's actions in order to monitor the agent's performance and compliance with the terms of the delegation.B. In performing a delegated function, an agent owes a duty to the trust to exercise reasonable care to comply with the terms of the delegation.C. A trustee who complies with the requirements of subsection A is not liable to the beneficiaries or to the trust for the decisions or actions of the agent to whom the function was delegated.D. By accepting the delegation of a trust function from the trustee of a trust that is subject to the law of the Commonwealth, an agent submits to the jurisdiction of the courts of the Commonwealth.1999, c. 772, § 26-45.10; 2012, c. 614.","path":["Title 64.2. WILLS, TRUSTS, AND FIDUCIARIES","Subtitle III. TRUSTS","Chapter 7. UNIFORM TRUST CODE","Article 9. UNIFORM PRUDENT INVESTOR ACT"],"source_url":"https://law.lis.virginia.gov/vacode/64.2-788/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:18:14Z","sha256":"4a584989d59bf7aa9ca18c784e511df2fe1f8e265c066f220d3ab815b1d983d6","source_id":"us-va","stale":true,"prev":"us-va/va.-code-64.2-787","next":"us-va/va.-code-64.2-789"},"notice":"GroundRules: Original legal text. Not legal advice."}