Va. Code § 6.2-1178

Current with changes from the 2024 legislative session through ch. 845

Section 6.2-1178 - Accounts held by various trustees for same beneficiary

Whenever trust interests or accounts are created for the same beneficiary, and each interest or account is in the name of a separate and distinct trustee or combination of trustees, each trust interest or account shall constitute a separate, distinct, and valid trust entity for all purposes.

Va. Code § 6.2-1178

Code 1950, § 6-201.22:1; 1966, cc. 219, 584, § 6.1-149.1; 1972, c. 796, § 6.1-195.24; 1985, c. 425, § 6.1-194.61; 2010, c. 794.

Amended by Acts 2010, § c. 794.

Amended by Acts 1985, § c. 425, § 6.1-194.61.

Amended by Acts 1972, § c. 796, § 6.1-195.24.

Amended by Acts 1966, § cc. 219, 584, § 6.1-149.1.