Code of Virginia - Title 26 Fiduciaries Generally - Section 26-45.7 Loyalty and impartiality

§ 26-45.7. Loyalty and impartiality

A trustee shall invest and manage the trust assets solely in the interest of the beneficiaries.

If a trust has two or more beneficiaries, the trustee shall act impartially in investing and managing the trust assets, taking into account any differing interests of the beneficiaries.

(1999, c. 772.)

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Last modified: April 3, 2009