Code of Virginia - Title 26 Fiduciaries Generally - Section 26-20 Exhibition of accounts when sum does not exceed certain amount

§ 26-20. Exhibition of accounts when sum does not exceed certain amount

If the principal sum held by any fiduciary mentioned in § 26-17.3 does not exceed $15,000, such fiduciary shall exhibit his accounts before the commissioner within the appropriate time period provided in §§ 26-17.4 through 26-17.7, but thereafter the commissioner of accounts may permit the fiduciary to exhibit his accounts every three years, which permission may be revoked by the commissioner on his own motion or upon request of any interested person. The provisions of this section shall apply to any case in which the corpus of the estate in the hands of the fiduciary has been reduced to $15,000 or less although it formerly exceeded that amount. Any fiduciary exhibiting his accounts in accordance with the provisions of this section shall be entitled to compensation for his services.

(1934, p. 80; Michie Code 1942, § 5409a; 1946, p. 326; 1962, c. 148; 1976, c. 435; 1999, c. 378; 2002, cc. 220, 227; 2003, c. 193.)

Sections:  Previous  26-17.6  26-17.7  26-17.8  26-17.9  26-17.10  26-18  26-19  26-20  26-20.1  26-21  26-22  26-23  26-24  26-25  26-26  Next

Last modified: April 16, 2009