Code of Virginia (Last Updated:July 28, 2020) |
TITLE 64.2. Wills, Trusts, and Fiduciaries |
SUBTITLE III. Trusts |
CHAPTER 7. Uniform Trust Code |
ARTICLE 8.2. Uniform Directed Trust Act |
SECTION 64.2-779.38. Office of trust director |
Unless the terms of a trust provide otherwise, the rules applicable to a trustee apply to a trust director regarding the following matters: 1. Acceptance under § 64.2-754 ; 2. Giving of bond to secure performance under § 64.2-754 ; 3. Reasonable compensation under § 64.2-754 ; 4. Resignation under § 64.2-754 ; 5. Removal under § 64.2-754 ; and 6. Vacancy and appointment of successor under § 64.2-754 . 2020, c. 64.2-754 . |