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ACROSS SESSIONS
- Subject Index: Since 1995
- Bills & Resolutions: Since 1994
- Summaries: Since 1994
Developed and maintained by the Division of Legislative Automated Systems.
1994 SESSION
Be it enacted by the General Assembly of Virginia:
1. That § 26-4 of the Code of Virginia is amended and reenacted as follows:
§ 26-4. When fiduciary may qualify without security.
The several courts in this Commonwealth and the clerks thereof, having
jurisdiction to appoint personal representatives, guardians and committees
may, in their discretion, when the amount coming into the hands or possession
of the personal representative, guardian or committee does not exceed $5,000,
allow any such personal representative, guardian or committee to qualify by
giving bond without surety. And on estates of decedents of $500 or less in
value there shall be no tax or court costs upon such qualification. Any
personal representative or trustee serving jointly with a bank or trust
company exempted from giving surety on its bond as such under § 6.1-18 shall,
unless the court shall otherwise direct, be likewise exempt.