Code of Virginia (Last Updated:July 28, 2020) |
TITLE 64.2. Wills, Trusts, and Fiduciaries |
SUBTITLE IV. Fiduciaries and Guardians |
PART A. Fiduciaries |
CHAPTER 14. Fiduciaries Generally |
ARTICLE 2. Nonresident Trustees |
SECTION 64.2-1431. Sale of property and payment of proceeds to nonresident trustee |
If, in any proceeding under § 64.2-1427 or in case of an interest in property acquired by a will that does not restrict the transfer of property out of the Commonwealth upon petition under § 64.2-1427 , the circuit court may order the property, or any part of it, to be sold, and the proceeds to be paid to the foreign guardian, conservator, committee, or nonresident trustee. Code 1919, § 5355; Code 1950, § 26-66; 1968, c. 399; 1997, c. 64.2-1427 ; 2005, c. 64.2-1427 ; 2012, c. 64.2-1427 . |