Va. Code § 64.2-766

Current with changes from the 2024 Special Session I, ch. 2

Section 64.2-766 - Prudent administration

A trustee shall administer the trust as a prudent person would, by considering the purposes, terms, distributional requirements, and other circumstances of the trust. In satisfying this standard, the trustee shall exercise reasonable care, skill, and caution.

Va. Code § 64.2-766

2005, c. 935, § 55-548.04; 2012, c. 614.

Amended by Acts 2012, c. 614.

Amended by Acts 2005, c. 935, § 55-548.04.