SEARCH SITE

VIRGINIA LAW PORTAL

SEARCHABLE DATABASES

ACROSS SESSIONS

Developed and maintained by the Division of Legislative Automated Systems.

1997 SESSION

  • | print version

HB 2713 Separate writing identifying recipients of tangible personal property.

Introduced by: Roger J. McClure | all patrons    ...    notes | add to my profiles

SUMMARY:

Separate writing identifying recipients of tangible personal property pursuant to a trust.0 Provides that a separate writing referenced in a trust signed by the maker which identifies recipients of tangible personal property is valid to accomplish the distribution desired, whether prepared before or after execution of the trust instrument or if altered by the maker, even though the list has no independent significance. The trustee is immunized for making distribution not in conformance with a list, if he has no actual knowledge that such a list exists and is under no duty to recover any property so distributed. A person who should have received property under the list may however, within one year of the distribution, bring an action against the person who received the property to recover the property or its value.


FULL TEXT

AMENDMENTS

HISTORY