A trustee shall diversify the investments of the trust unless the trustee reasonably determines that, because of special circumstances, the purposes of the trust are better served without diversifying.

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Terms Used In Virginia Code 64.2-783

  • Trust: includes the assets under the control or management of the trustee. See Virginia Code 64.2-780
  • Trustee: A person or institution holding and administering property in trust.
  • Trustee: includes any fiduciary as defined in § Virginia Code 64.2-780

1999, c. 772, § 26-45.5; 2012, c. 614.

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