SEARCH SITE
VIRGINIA LAW PORTAL
- Code of Virginia
- Virginia Administrative Code
- Constitution of Virginia
- Charters
- Authorities
- Compacts
- Uncodified Acts
- RIS Users (account required)
SEARCHABLE DATABASES
- Bills & Resolutions
session legislation - Bill Summaries
session summaries - Reports to the General Assembly
House and Senate documents - Legislative Liaisons
State agency contacts
ACROSS SESSIONS
- Subject Index: Since 1995
- Bills & Resolutions: Since 1994
- Summaries: Since 1994
Developed and maintained by the Division of Legislative Automated Systems.
1997 SESSION
970102346Be it enacted by the General Assembly of Virginia:
1. That the Code of Virginia is amended by adding a section numbered 55-7.2 as follows:
§ 55-7.2. [ Inter vivos
Personal property and ] trusts; incorporation by reference.
If a [ revocable inter vivos ]
trust refers to a written statement or list to distribute items of
[ trust ] tangible personal property not otherwise specifically
named in the instrument, the statement or list shall be given effect to the
extent that it describes items of tangible personal property and their intended
recipients with reasonable certainty and is signed by the maker. The written
statement or list may be prepared before or after the execution of the trust
instrument, may be altered by the maker at any time and may be a writing that
has no significance apart from its effect on the trust distribution. A trustee
shall not be liable for any distribution of tangible personal property to the
apparent distributee under the revocable inter vivos trust made without actual
knowledge of the existence of a written statement or list, nor shall he have
any duty to recover property so distributed. However, a person named to receive
certain tangible personal property in a written statement or list which is
effective under this section, may recover that property, or its value if the
property cannot be recovered, from an apparent distributee to whom it has been
distributed in an action brought for that purpose within one year after the
distribution. This section shall not otherwise affect the law of incorporation
by reference.