Code of Virginia - Title 26 Fiduciaries Generally - Chapter 3 Investments
- 26-38 Court may order money in hands of fiduciary to be invested, etc
When it appears by a report made as provided in § 26-31, or a special report of the commissioner, that money is in the hands ...
- 26-39 Time within which guardian of an estate, conservator or other fiduciary to invest funds; reasonabl...
Whenever a guardian of an estate, conservator or other fiduciary charged with the investment of funds collects any principal he shall have a reasonable time ...
- 26-40 In what securities fiduciaries may invest
For purposes of §§ 36-55.44 and 62.1-221 only, the following investments shall be considered lawful investments and shall be conclusively presumed to have been prudent: ...
- 26-40.01 In what securities fiduciaries may invest; definitions
A. As used in this section: "Fiduciary" shall be defined as in § 8.01-2 and shall also include an attorney in fact or agent acting ...
- 26-40.1 Investment in bonds or other obligations issued, guaranteed or assured by Inter-American Developmen...
Executors, administrators, trustees and other fiduciaries, both individual and corporate, also may invest the funds held by them in a fiduciary capacity in bonds and ...
- 26-40.2 Investments in municipal bonds by banks or trust companies
Subject to Article 2 (§ 26-45.3) and the common law duties of a fiduciary, unless the governing instrument or a court order specifically directs otherwise, ...
- 26-41 Other values used in computations instead of par value of stock
Whenever under the terms of § 26-40 the par value of a preference stock is required to be used in a computation, there shall be ...
- 26-42 Last fiscal statement to govern
When any security provided for in § 26-40 is purchased by a fiduciary and at the time of such purchase the statement for the preceding ...
- 26-43 When pro forma fixed charges or dividend requirements may be used
In testing a new issue of securities under the provisions of § 26-40, it shall be permissible, in determining the number of times that fixed ...
- 26-44 Investments that cease to be eligible may be retained
Investments made under the provisions of § 26-40 or § 26-40.01, if in conformity with the requirements of such section at the time such investments ...
- 26-44.1 Investment in mutual fund affiliated with fiduciary
Unless prohibited or otherwise limited by the instrument under which a fiduciary, including one of an agency account, is acting, the fiduciary may invest in ...
- 26-45 Description unavailable
Repealed by Acts 1977, c. 152. ...
- 26-45.1 Description unavailable
Repealed by Acts 1999, c. 772, effective January 1, 2000. ...
- 26-45.2 Placing certain trust assets in designated financial institutions; waiver or reduction of bond of f...
(1) Whenever it shall be the judgment of any court having jurisdiction of any estate in process of administration by any guardian, conservator, curator, executor, ...
- 26-45.3 Prudent investor rule
A. Except as otherwise provided in subsection B, §§ 26-40 and 26-40.01, a trustee who invests and manages trust assets owes a duty to the ...
- 26-45.4 Standard of care; portfolio strategy; risk and return objectives
A. A trustee shall invest and manage trust assets as a prudent investor would, by considering the purposes, terms, distribution requirements, and other circumstances of ...
- 26-45.5 Diversification by trustee
A trustee shall diversify the investments of the trust unless the trustee reasonably determines that, because of special circumstances, the purposes of the trust are ...
- 26-45.6 Duties at inception of trusteeship
Within a reasonable time after accepting a trusteeship or receiving trust assets, a trustee shall review the trust assets and make and implement decisions concerning ...
- 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 ...
- 26-45.8 Investment costs
In investing and managing trust assets, a trustee may only incur costs that are appropriate and reasonable in relation to the assets, the purposes of ...
- 26-45.9 Reviewing compliance
Compliance with the prudent investor rule is determined in light of the facts and circumstances existing at the time of a trustee's decision or action ...
- 26-45.10 Delegation of investment and management functions
A. A trustee may delegate investment and management functions that a prudent trustee of comparable skills could properly delegate under the circumstances. The trustee shall ...
- 26-45.11 Language invoking standard of Act
The following terms or comparable language in the provisions of a trust, unless otherwise limited or modified by language articulating the investment standard to which ...
- 26-45.12 Application to existing trusts
This Act applies to trusts existing on and created after January 1, 2000. As applied to trusts existing on its effective date, this Act governs ...
- 26-45.13 Definition of terms
As used in this article, the term "trustee" includes any fiduciary as defined in § 8.01-2, an attorney in fact or agent acting for a ...
- 26-45.14 Uniformity of application and construction
This Act shall be applied and construed to effectuate its general purpose to make uniform the law with respect to the subject of this Act ...
Last modified: April 3, 2009