Va. Code » Title 64.2. Wills, Trusts, and Fiduciaries » Subtitle III. Trusts » Chapter 7. Uniform Trust Code » Article 8. Duties and Powers of Trustee
Virginia Code

Va. Code Ann. § 64.2-763 (2026)

Duty to administer trust and invest

✓ current as of May 2026
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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.).

2005, c. 935, § 55-548.01; 2012, c. 614.

Notes of Decisions
Cited in 3 cases (2 in the last 5 years), 2015–2024 · leading case: Rafalko v. Georgiadis, 777 S.E.2d 870 (Va. 2015).
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Rafalko v. Georgiadis, 777 S.E.2d 870 (Va. 2015). · cites it 12× “Those duties include administering the trust and investing its assets in good faith, Code § 64.2-763, so administration of the trust in bad faith is necessarily a breach of fiduciary duty.”
Stavros P. Galiotos, Individually, etc. v. Tasos A. Galiotos, Individually, etc., No. 0068241 (Va. Ct. App. Dec. 30, 2024). · cites it 2× “For 10 See also Code §§ 64.2-763, 64.2-764(A), 64.2-765, 64.”
Paul Galiotos, Individually, etc. v. Tasos A. Galiotos, Individually, etc., No. 0077241 (Va. Ct. App. Dec. 30, 2024). · cites it 2× “For 10 See also Code §§ 64.2-763, 64.2-764(A), 64.2-765, 64.”
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