Virginia § 64.2-1043 - Unitrust policy
Full text of Virginia Code of Virginia § 64.2-1043 — Unitrust policy, with citation guidance and answers to common questions.
§ 64.2-1043. Unitrust policy
A. In administering a unitrust under this article, a fiduciary shall follow a unitrust policy adopted under subdivision A 1 or 2 of § 64.2-1041 or amended or replaced under subdivision A 2 of § 64.2-1041.
B. A unitrust policy shall provide:
1. The unitrust rate or the method for determining the unitrust rate under § 64.2-1044;
2. The method for determining the applicable value under § 64.2-1045; and
3. The rules described in §§ 64.2-1044 through 64.2-1047 that apply in the administration of the unitrust, whether the rules are:
a. Mandatory, as provided in subsection A of § 64.2-1045 and subsection A of § 64.2-1046; or
b. Optional, as provided in § 64.2-1044, subsection B of § 64.2-1045, subsection B of § 64.2-1046, and subsection A of § 64.2-1047, to the extent the fiduciary elects to adopt those rules.
2022, c. 354.
Frequently Asked Questions About Virginia § 64.2-1043
What does Code of Virginia § 64.2-1043 cover?
Section 64.2-1043 ("Unitrust policy") is part of the Code of Virginia, the codified statutory law of Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Virginia § 64.2-1043?
A common citation format is "Code of Virginia § 64.2-1043" (Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 64.2-1043 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Virginia.