Virginia Code 64.2-779.37: Jurisdiction over trust director
Current as of: 2023 | Check for updates
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A. By accepting appointment as a trust director of a trust subject to this article, the trust director submits to personal jurisdiction of the courts of the Commonwealth regarding any matter related to a power or duty of the trust director.
Terms Used In Virginia Code 64.2-779.37
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Trust director: means a person that is granted a power of direction by the terms of a trust to the extent the power is exercisable while the person is not serving as a trustee. See Virginia Code 64.2-701
B. This section does not preclude other methods of obtaining jurisdiction over a trust director.
2020, c. 768.