Legislation
- Title
- Estates and Trusts - Breach of Trust Action - Limitation Period
- Sponsored by
- Senator Ready
- Status
- Approved by the Governor - Chapter 261
- Analysis
- Fiscal and Policy Note
Synopsis
Establishing that the terms of a trust do not prevail over certain periods of limitation in bringing a judicial action; prohibiting a beneficiary from bringing a judicial action against a trustee for breach of trust more than 1 year after the date the beneficiary or the representative of the beneficiary is sent a certain report; providing that a certain report adequately discloses the existence of a potential claim for breach of trust for certain purposes; providing that the Act does not limit certain actions; etc.
Committees
Details
History
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File Code
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Statutes
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(
14.5-105, 14.5-904 )
Last Updated: 2/3/2020 2:36 PM