{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/64.2-803.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/64.2-803.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/64.2-803.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/64.2-803.html"}],"law_id":376512,"edition_id":2,"section_id":376512,"structure_id":53536,"section_number":"64.2-803","catch_line":"Protection of person dealing with trustee","history":"2005, c. 935, \u00a7 55-550.12; 2012, c. 614.","full_text":"A\n\nA person other than a beneficiary who in good faith assists a trustee, or who in good faith and for value deals with a trustee, without knowledge that the trustee is exceeding or improperly exercising the trustee’s powers, is protected from liability as if the trustee properly exercised the power.\n\nB\n\nA person other than a beneficiary who in good faith deals with a trustee is not required to inquire into the extent of the trustee’s powers or the propriety of their exercise.\n\nC\n\nA person who in good faith delivers assets to a trustee need not ensure their proper application.\n\nD\n\nA person other than a beneficiary who in good faith assists a former trustee, or who in good faith and for value deals with a former trustee, without knowledge that the trusteeship has terminated is protected from liability as if the former trustee were still a trustee.\n\nE\n\nComparable protective provisions of other laws relating to commercial transactions or transfer of securities by fiduciaries prevail over the protection provided by this section.\n\n","order_by":null,"text":{"0":{"id":1405899,"text":"A person other than a beneficiary who in good faith assists a trustee, or who in good faith and for value deals with a trustee, without knowledge that the trustee is exceeding or improperly exercising the trustee’s powers, is protected from liability as if the trustee properly exercised the power.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":1405900,"text":"A person other than a beneficiary who in good faith deals with a trustee is not required to inquire into the extent of the trustee’s powers or the propriety of their exercise.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":1405901,"text":"A person who in good faith delivers assets to a trustee need not ensure their proper application.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"D"},"3":{"id":1405902,"text":"A person other than a beneficiary who in good faith assists a former trustee, or who in good faith and for value deals with a former trustee, without knowledge that the trusteeship has terminated is protected from liability as if the former trustee were still a trustee.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C","next_prefix":"E"},"4":{"id":1405903,"text":"Comparable protective provisions of other laws relating to commercial transactions or transfer of securities by fiduciaries prevail over the protection provided by this section.","type":"section","prefixes":["E"],"prefix":"E","entire_prefix":"E","prefix_anchor":"E","level":1,"prior_prefix":"D"}},"ancestry":[{"id":53536,"edition_id":2,"name":"Liability of Trustees and Rights of Persons Dealing With Trustee","identifier":"10","label":"article","depth":4,"order_by":11,"parent_id":53524,"metadata":{"child_laws":13,"child_structures":0},"date_created":"2026-08-02 03:17:58","date_modified":"2026-08-02 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trust","url":"\/64.2-793\/","token":"64.2\/III\/7\/10\/64.2-793","metadata":false},{"id":376503,"structure_id":53536,"section_number":"64.2-794","catch_line":"Damages in absence of breach","url":"\/64.2-794\/","token":"64.2\/III\/7\/10\/64.2-794","metadata":false},{"id":376504,"structure_id":53536,"section_number":"64.2-795","catch_line":"Attorney fees and costs","url":"\/64.2-795\/","token":"64.2\/III\/7\/10\/64.2-795","metadata":false},{"id":376505,"structure_id":53536,"section_number":"64.2-796","catch_line":"Limitation of action against trustee","url":"\/64.2-796\/","token":"64.2\/III\/7\/10\/64.2-796","metadata":false},{"id":376506,"structure_id":53536,"section_number":"64.2-797","catch_line":"Reliance on trust instrument","url":"\/64.2-797\/","token":"64.2\/III\/7\/10\/64.2-797","metadata":false},{"id":376507,"structure_id":53536,"section_number":"64.2-798","catch_line":"Event affecting administration or 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trustee","url":"\/64.2-803\/","token":"64.2\/III\/7\/10\/64.2-803","metadata":false},{"id":376513,"structure_id":53536,"section_number":"64.2-804","catch_line":"Certification of trust","url":"\/64.2-804\/","token":"64.2\/III\/7\/10\/64.2-804","metadata":false}],"previous_section":{"id":376511,"structure_id":53536,"section_number":"64.2-802","catch_line":"Interest as general partner","url":"\/64.2-802\/","token":"64.2\/III\/7\/10\/64.2-802","metadata":false},"next_section":{"id":376513,"structure_id":53536,"section_number":"64.2-804","catch_line":"Certification of trust","url":"\/64.2-804\/","token":"64.2\/III\/7\/10\/64.2-804","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/64.2-803\/","history_text":"

This law was first created in 2005. The record of its establishment is cataloged in chapter 935<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. 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 614<\/a>.<\/p>","references":[{"id":376434,"section_number":"64.2-764","catch_line":"Duty of loyalty","order_by":null,"url":"\/64.2-764\/"},{"id":376501,"section_number":"64.2-792","catch_line":"Remedies for breach of trust","order_by":null,"url":"\/64.2-792\/"}],"refers_to":false,"permalink":{"id":1501199,"object_type":"law","relational_id":376512,"identifier":"64.2-803","token":"64.2\/III\/7\/10\/64.2-803","url":"\/64.2-803\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/64.2-803\/","token":"64.2\/III\/7\/10\/64.2-803","dublin_core":{"Title":"Protection of person dealing with trustee","Type":"Text","Format":"text\/html","Identifier":"\u00a7 64.2-803","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> A person<\/span> other than a beneficiary<\/span> who in good faith assists a trustee<\/span>, or who in good faith and for value<\/span> deals with a trustee<\/span>, without knowledge that the trustee<\/span> is exceeding or improperly exercising the trustee<\/span>’s powers, is protected from liability as if the trustee<\/span> properly exercised the power. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> A person<\/span> other than a beneficiary<\/span> who in good faith deals with a trustee<\/span> is not required to inquire into the extent of the trustee<\/span>’s powers or the propriety of their exercise. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> A person<\/span> who in good faith delivers assets<\/span> to a trustee<\/span> need not ensure their proper application. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> A person<\/span> other than a beneficiary<\/span> who in good faith assists a former trustee<\/span>, or who in good faith and for value<\/span> deals with a former trustee<\/span>, without knowledge that the trusteeship has terminated is protected from liability as if the former trustee<\/span> were still a trustee<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

E.<\/span> Comparable protective provisions of other laws<\/span> relating to commercial transactions or transfer of securities by fiduciaries prevail over the protection provided by this section. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nPROTECTION OF PERSON DEALING WITH TRUSTEE (\u00a7 64.2-803)\n\nA. A person other than a beneficiary who in good faith assists a trustee, or who\nin good faith and for value deals with a trustee, without knowledge that the\ntrustee is exceeding or improperly exercising the trustee’s powers, is\nprotected from liability as if the trustee properly exercised the power.\n\nB. A person other than a beneficiary who in good faith deals with a trustee is\nnot required to inquire into the extent of the trustee’s powers or the\npropriety of their exercise.\n\nC. A person who in good faith delivers assets to a trustee need not ensure their\nproper application.\n\nD. A person other than a beneficiary who in good faith assists a former trustee,\nor who in good faith and for value deals with a former trustee, without\nknowledge that the trusteeship has terminated is protected from liability as if\nthe former trustee were still a trustee.\n\nE. Comparable protective provisions of other laws relating to commercial\ntransactions or transfer of securities by fiduciaries prevail over the\nprotection provided by this section.\n\nHISTORY: 2005, c. 935, \u00a7 55-550.12; 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"}}