Code of Virginia (Last Updated:July 28, 2020) |
TITLE 64.2. Wills, Trusts, and Fiduciaries |
SUBTITLE III. Trusts |
CHAPTER 7. Uniform Trust Code |
ARTICLE 9. Uniform Prudent Investor Act |
SECTION 64.2-785. Loyalty and impartiality |
A. A trustee shall invest and manage the trust assets solely in the interest of the beneficiaries. B. 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. |