Code of Virginia § 64.2-1412. How trustee required to give bond; when to be removed and another appointed.
124 words·~1 min read·
/va/title-64-2/chapter-14/64-2-1412A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
After reasonable notice to a trustee, whether appointed by will, deed, or other writing, the circuit court that has jurisdiction to administer the trust may, on motion of any interested person, order the trustee to give bond with surety before the court, or before the clerk of the court, within a reasonable time and in a penalty to be prescribed by the court, for the faithful execution of the trust if the court deems the bond is proper for the security of the trust estate. If the order is not complied with, or whenever for any cause it appears proper, the court may remove the trustee and appoint another in his place.
Code 1919, § 6301; Code 1950, § 26-1; 2012, c. 614 .