Loyalty and impartiality

Va. Code Ann. § 64.2-785
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
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. 1999, c. 772 , § 26-45.7; 2012, c. 614 .
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/64.2-785/Fetched: 10/17/2026

Starting a business in Virginia? Virginia LLC guide: costs and requirements