{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/64.2-1425.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/64.2-1425.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/64.2-1425.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/64.2-1425.html"}],"law_id":375919,"edition_id":2,"section_id":375919,"structure_id":53458,"section_number":"64.2-1425","catch_line":"How securities transferred to successor","history":"Code 1919, \u00a7 5432; Code 1950, \u00a7 26-56; 2012, c. 614.","full_text":"When any securities for money loaned or invested shall be standing in the name of any fiduciary who has died or resigned or whose power has been revoked, and the fiduciary or his personal representative has not transferred the securities to his successor, the circuit court in which the fiduciary qualified, upon the petition of the successor or of any other interested person, may direct that the securities be transferred to the successor, a receiver of the court, or otherwise, and may direct that the dividends, interest, or proceeds of the securities be received or paid in such manner as the court deems proper.\n\n","order_by":null,"text":{"0":{"id":1403517,"text":"When any securities for money loaned or invested shall be standing in the name of any fiduciary who has died or resigned or whose power has been revoked, and the fiduciary or his personal representative has not transferred the securities to his successor, the circuit court in which the fiduciary qualified, upon the petition of the successor or of any other interested person, may direct that the securities be transferred to the successor, a receiver of the court, or otherwise, and may direct that the dividends, interest, or proceeds of the securities be received or paid in such manner as the court deems proper.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":53458,"edition_id":2,"name":"Appointment, Qualification, Resignation, and Removal of Fiduciaries","identifier":"1","label":"article","depth":5,"order_by":1,"parent_id":53457,"metadata":{"child_laws":26,"child_structures":0},"date_created":"2026-08-02 03:16:43","date_modified":"2026-08-02 12:37:20","permalink":{"id":1501989,"object_type":"structure","relational_id":53458,"identifier":"1","token":"64.2\/IV\/A\/14\/1","url":"\/64.2\/IV\/A\/14\/1\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53457,"edition_id":2,"name":"Fiduciaries Generally","identifier":"14","label":"chapter","depth":4,"order_by":3,"parent_id":53454,"metadata":{"child_laws":33,"child_structures":2},"date_created":"2026-08-02 03:16:43","date_modified":"2026-08-02 12:37:20","permalink":{"id":1501987,"object_type":"structure","relational_id":53457,"identifier":"14","token":"64.2\/IV\/A\/14","url":"\/64.2\/IV\/A\/14\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53454,"edition_id":2,"name":"Fiduciaries","identifier":"A","label":"part","depth":3,"order_by":1,"parent_id":53453,"metadata":{"child_laws":81,"child_structures":6},"date_created":"2026-08-02 03:16:39","date_modified":"2026-08-02 12:37:19","permalink":{"id":1501817,"object_type":"structure","relational_id":53454,"identifier":"A","token":"64.2\/IV\/A","url":"\/64.2\/IV\/A\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53453,"edition_id":2,"name":"Fiduciaries and Guardians","identifier":"IV","label":"subtitle","depth":2,"order_by":4,"parent_id":53424,"metadata":{"child_laws":215,"child_structures":27},"date_created":"2026-08-02 03:16:39","date_modified":"2026-08-02 12:37:18","permalink":{"id":1501815,"object_type":"structure","relational_id":53453,"identifier":"IV","token":"64.2\/IV","url":"\/64.2\/IV\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53424,"edition_id":2,"name":"Wills, Trusts, and Fiduciaries","identifier":"64.2","label":"title","depth":1,"order_by":136,"parent_id":null,"metadata":{"child_laws":776,"child_structures":114},"date_created":"2026-08-02 03:16:27","date_modified":"2026-08-02 12:37:05","permalink":{"id":1499783,"object_type":"structure","relational_id":53424,"identifier":"64.2","token":"64.2","url":"\/64.2\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":375894,"structure_id":53458,"section_number":"64.2-1400","catch_line":"Authority to qualify trustee; necessity for security; notice of qualification; qualification by less than all of trustees named","url":"\/64.2-1400\/","token":"64.2\/IV\/A\/14\/1\/64.2-1400","metadata":false},{"id":375895,"structure_id":53458,"section_number":"64.2-1401","catch_line":"Jurisdiction for qualification of testamentary trustee; qualification and bond; when surety not required","url":"\/64.2-1401\/","token":"64.2\/IV\/A\/14\/1\/64.2-1401","metadata":false},{"id":375896,"structure_id":53458,"section_number":"64.2-1402","catch_line":"Jurisdiction for qualification of certain testamentary trustees and trustees generally","url":"\/64.2-1402\/","token":"64.2\/IV\/A\/14\/1\/64.2-1402","metadata":false},{"id":375897,"structure_id":53458,"section_number":"64.2-1403","catch_line":"Qualification of trustees","url":"\/64.2-1403\/","token":"64.2\/IV\/A\/14\/1\/64.2-1403","metadata":false},{"id":375898,"structure_id":53458,"section_number":"64.2-1404","catch_line":"New fiduciary appointed when authority of former revoked","url":"\/64.2-1404\/","token":"64.2\/IV\/A\/14\/1\/64.2-1404","metadata":false},{"id":375899,"structure_id":53458,"section_number":"64.2-1405","catch_line":"Court may appoint trustee in place of one named in will, deed, or other writing; management by corporate trustee outside of the Commonwealth","url":"\/64.2-1405\/","token":"64.2\/IV\/A\/14\/1\/64.2-1405","metadata":false},{"id":375900,"structure_id":53458,"section_number":"64.2-1406","catch_line":"Notice required; certain substitutions validated","url":"\/64.2-1406\/","token":"64.2\/IV\/A\/14\/1\/64.2-1406","metadata":false},{"id":375901,"structure_id":53458,"section_number":"64.2-1407","catch_line":"Who to execute the trust until new trustee appointed","url":"\/64.2-1407\/","token":"64.2\/IV\/A\/14\/1\/64.2-1407","metadata":false},{"id":375902,"structure_id":53458,"section_number":"64.2-1408","catch_line":"Circuit court may exercise same powers in suit to enforce or administer trust","url":"\/64.2-1408\/","token":"64.2\/IV\/A\/14\/1\/64.2-1408","metadata":false},{"id":375903,"structure_id":53458,"section_number":"64.2-1409","catch_line":"Information to be provided to clerk by fiduciary","url":"\/64.2-1409\/","token":"64.2\/IV\/A\/14\/1\/64.2-1409","metadata":false},{"id":375904,"structure_id":53458,"section_number":"64.2-1410","catch_line":"When court may require new bond or revoke authority; giving new bond upon motion of fiduciary, surety, or other party in interest","url":"\/64.2-1410\/","token":"64.2\/IV\/A\/14\/1\/64.2-1410","metadata":false},{"id":375905,"structure_id":53458,"section_number":"64.2-1411","catch_line":"When fiduciary may qualify without security; requirements for issuance of certificates of qualification; payments","url":"\/64.2-1411\/","token":"64.2\/IV\/A\/14\/1\/64.2-1411","metadata":false},{"id":375906,"structure_id":53458,"section_number":"64.2-1412","catch_line":"How trustee required to give bond; when to be removed and another appointed","url":"\/64.2-1412\/","token":"64.2\/IV\/A\/14\/1\/64.2-1412","metadata":false},{"id":375907,"structure_id":53458,"section_number":"64.2-1413","catch_line":"Placing certain trust assets in designated financial institutions; waiver or reduction of bond of fiduciary","url":"\/64.2-1413\/","token":"64.2\/IV\/A\/14\/1\/64.2-1413","metadata":false},{"id":375908,"structure_id":53458,"section_number":"64.2-1414","catch_line":"Effect of orders of qualification of bank as committee or guardian","url":"\/64.2-1414\/","token":"64.2\/IV\/A\/14\/1\/64.2-1414","metadata":false},{"id":375909,"structure_id":53458,"section_number":"64.2-1415","catch_line":"Liability for losses by negligence or failure to make defense","url":"\/64.2-1415\/","token":"64.2\/IV\/A\/14\/1\/64.2-1415","metadata":false},{"id":375910,"structure_id":53458,"section_number":"64.2-1416","catch_line":"Liability of fiduciary for actions of cofiduciary","url":"\/64.2-1416\/","token":"64.2\/IV\/A\/14\/1\/64.2-1416","metadata":false},{"id":375911,"structure_id":53458,"section_number":"64.2-1417","catch_line":"How judgment may be entered against personal representative, conservator, or committee","url":"\/64.2-1417\/","token":"64.2\/IV\/A\/14\/1\/64.2-1417","metadata":false},{"id":375912,"structure_id":53458,"section_number":"64.2-1418","catch_line":"Court order for payments due from fiduciaries; effect","url":"\/64.2-1418\/","token":"64.2\/IV\/A\/14\/1\/64.2-1418","metadata":{"court_decisions":""}},{"id":375913,"structure_id":53458,"section_number":"64.2-1419","catch_line":"Execution of fiduciary bond or appointment of agent designates clerk as attorney for service of process","url":"\/64.2-1419\/","token":"64.2\/IV\/A\/14\/1\/64.2-1419","metadata":false},{"id":375914,"structure_id":53458,"section_number":"64.2-1420","catch_line":"Clerk to mail notice, process, or rule to person served","url":"\/64.2-1420\/","token":"64.2\/IV\/A\/14\/1\/64.2-1420","metadata":false},{"id":375915,"structure_id":53458,"section_number":"64.2-1421","catch_line":"What judgment or decree based upon service upon clerk shall specifically adjudicate","url":"\/64.2-1421\/","token":"64.2\/IV\/A\/14\/1\/64.2-1421","metadata":false},{"id":375916,"structure_id":53458,"section_number":"64.2-1422","catch_line":"Environmental liability of fiduciaries","url":"\/64.2-1422\/","token":"64.2\/IV\/A\/14\/1\/64.2-1422","metadata":false},{"id":375917,"structure_id":53458,"section_number":"64.2-1423","catch_line":"Trustee not disqualified due to status as stockholder, employee, or officer of corporate noteholder; sale of property by trustee not voidable","url":"\/64.2-1423\/","token":"64.2\/IV\/A\/14\/1\/64.2-1423","metadata":false},{"id":375918,"structure_id":53458,"section_number":"64.2-1424","catch_line":"Resignation by fiduciary of his trust","url":"\/64.2-1424\/","token":"64.2\/IV\/A\/14\/1\/64.2-1424","metadata":false},{"id":375919,"structure_id":53458,"section_number":"64.2-1425","catch_line":"How securities transferred to successor","url":"\/64.2-1425\/","token":"64.2\/IV\/A\/14\/1\/64.2-1425","metadata":false}],"previous_section":{"id":375918,"structure_id":53458,"section_number":"64.2-1424","catch_line":"Resignation by fiduciary of his trust","url":"\/64.2-1424\/","token":"64.2\/IV\/A\/14\/1\/64.2-1424","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/64.2-1425\/","history_text":"<p>The record of this law\u2019s original creation isn\u2019t available online. It has been modified 1 time. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. That modification is as follows: in 2012, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?121+ful+CHAP0614\">614<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":1502091,"object_type":"law","relational_id":375919,"identifier":"64.2-1425","token":"64.2\/IV\/A\/14\/1\/64.2-1425","url":"\/64.2-1425\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/64.2-1425\/","token":"64.2\/IV\/A\/14\/1\/64.2-1425","dublin_core":{"Title":"How securities transferred to successor","Type":"Text","Format":"text\/html","Identifier":"\u00a7 64.2-1425","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>When any securities for money loaned or invested shall be standing in the name of any <span class=\"dictionary\">fiduciary<\/span> who has died or resigned or whose power has been revoked, and the <span class=\"dictionary\">fiduciary<\/span> or his <span class=\"dictionary\">personal representative<\/span> has not transferred the securities to his successor, the <span class=\"dictionary\">circuit<\/span> <span class=\"dictionary\">court<\/span> in which the <span class=\"dictionary\">fiduciary<\/span> qualified, upon the <span class=\"dictionary\">petition<\/span> of the successor or of any other interested person, may direct that the securities be transferred to the successor, a receiver of the <span class=\"dictionary\">court<\/span>, or otherwise, and may direct that the dividends, interest, or proceeds of the securities be received or paid in such manner as the <span class=\"dictionary\">court<\/span> deems proper.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nHOW SECURITIES TRANSFERRED TO SUCCESSOR (\u00a7 64.2-1425)\n\nWhen any securities for money loaned or invested shall be standing in the name\nof any fiduciary who has died or resigned or whose power has been revoked, and\nthe fiduciary or his personal representative has not transferred the securities\nto his successor, the circuit court in which the fiduciary qualified, upon the\npetition of the successor or of any other interested person, may direct that the\nsecurities be transferred to the successor, a receiver of the court, or\notherwise, and may direct that the dividends, interest, or proceeds of the\nsecurities be received or paid in such manner as the court deems proper.\n\nHISTORY: Code 1919, \u00a7 5432; Code 1950, \u00a7 26-56; 2012, c. 614.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}