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2005 SESSION

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HB 1715 Fiduciaries; investment in securities.

Introduced by: Terry G. Kilgore | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED HOUSE:

Fiduciaries; obligation to comply with prudent investor rule. Provides that the investment protections associated with the "legal list" do not operate to relieve a fiduciary of his obligations under Virginia's prudent investor rule.

SUMMARY AS INTRODUCED:

Fiduciaries; investment in securities.  Restricts the investment protections of the "legal list" of securities afforded fiduciaries to accounts of less than $1 million.