Code of Virginia § 6.2-1178. Accounts held by various trustees for same beneficiary.
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/va/title-6-2/chapter-11/6-2-1178A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Whenever trust interests or accounts are created for the same beneficiary, and each interest or account is in the name of a separate and distinct trustee or combination of trustees, each trust interest or account shall constitute a separate, distinct, and valid trust entity for all purposes.
Code 1950, § 6-201.22:1; 1966, cc. 219, 584, § 6.1-149.1; 1972, c. 796, § 6.1-195.24; 1985, c. 425, § 6.1-194.61; 2010, c. 794 .