§ 26-17.6. Testamentary trustees
A. Except as provided herein, every testamentary trustee shall exhibit such statement for each calendar year to the commissioner of accounts of the court where the order conferring his authority was entered on an annual basis commencing on or before May 1 of the calendar year following initial funding of the trust. Accounts for each calendar year thereafter will be filed on or before May 1 of the following calendar year.
B. All testamentary trustees who qualify prior to July 1, 1993, and elect to file accounts on a fiscal year basis may continue to file such accounts on an annual basis within four months after the end of the fiscal year selected.
C. Accountings for trusts, one of the trustees of which trust is a corporation qualified under § 6.1-5, and by other testamentary trustees permitted by the Internal Revenue Code to file income tax returns on a fiscal year, may be filed on the basis of the trust fiscal year. The first account shall be filed within sixteen months of the date on which the trust was initially funded.
(1993, c. 689.)
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