Code of Virginia § 64.2-1505. Investments that cease to be eligible may be retained.
82 words·~1 min read·
/va/title-64-2/chapter-15/64-2-1505·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Investments made under the provisions of § 64.2-1502 , if in conformity with the requirements of that section at the time the investments were made, may be retained even though they cease to be eligible for purchase under the provisions of that section, but shall be subject to the provisions of the Uniform Prudent Investor Act (§ 64.2-780 et seq.).
Code 1919, § 5431; 1942, p. 662; Code 1950, § 26-44; 1992, c. 810; 1999, c. 772 ; 2012, c. 614 .