Virginia § 64.2-763 - Duty to administer trust and invest
Full text of Virginia Code of Virginia § 64.2-763 — Duty to administer trust and invest, with citation guidance and answers to common questions.
§ 64.2-763. Duty to administer trust and invest
Upon acceptance of a trusteeship, the trustee shall administer the trust and invest trust assets in good faith, in accordance with its terms and purposes and the interests of the beneficiaries, and in accordance with this chapter. In administering, managing and investing trust assets, the trustee shall comply with the provisions of the Uniform Prudent Investor Act (§ 64.2-780 et seq.) and the Uniform Principal and Income Act (§ 64.2-1000 et seq.).
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 64.2-763
What does Code of Virginia § 64.2-763 cover?
Section 64.2-763 ("Duty to administer trust and invest") 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 § 64.2-763?
A common citation format is "Code of Virginia § 64.2-763" (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 § 64.2-763 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.