§ 37.2-1017. Payments from U.S. Department of Veterans Affairs
Monthly payments of pension, compensation, insurance, or other benefits from the U.S. Department of Veterans Affairs made to a trustee or other fiduciary shall be considered as income and not principal, but the accumulation of such monthly payments received by a trustee or other fiduciary and in his hands at the end of the accounting year may be carried over as principal and converted into the corpus of the estate when the accumulation amounts to $200 or more.
(Code 1950, § 37-150.1; 1966, c. 310; 1968, c. 477, § 37.1-143; 2005, c. 716.)
Sections: Previous 37.2-1010 37.2-1011 37.2-1012 37.2-1013 37.2-1014 37.2-1015 37.2-1016 37.2-1017 37.2-1018 37.2-1019 37.2-1020 37.2-1021 37.2-1022 37.2-1023 37.2-1024 NextLast modified: April 3, 2009