§ 64.1-163. Transfers not required until tax ascertained or security given
No executor, administrator or other person acting in a fiduciary capacity shall be required to transfer, pay over or distribute any fund or property with respect to which an estate tax is imposed by the Commonwealth of Virginia, any other state or the United States until the amount of such tax or taxes due from the devisee, legatee, distributee or other person to whom such property is transferred is paid to such fiduciary, or, if the apportionment of tax has not been determined, adequate security is furnished by the transferee for such payment.
(Code 1950, § 64-153; 1968, c. 656; 1994, c. 917.)
Sections: Previous 64.1-157 64.1-157.1 64.1-158 64.1-159 64.1-160 64.1-161 64.1-162 64.1-163 64.1-164 64.1-165 64.1-165.1 64.1-166 64.1-167 64.1-168 64.1-169 NextLast modified: April 3, 2009