Virginia § 64.2-785 - Loyalty and impartiality
Full text of Virginia Code of Virginia § 64.2-785 — Loyalty and impartiality, with citation guidance and answers to common questions.
§ 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.
Frequently Asked Questions About Virginia § 64.2-785
What does Code of Virginia § 64.2-785 cover?
Section 64.2-785 ("Loyalty and impartiality") 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 § 64.2-785?
A common citation format is "Code of Virginia § 64.2-785" (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 § 64.2-785 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.