                                 CODE OF VIRGINIA

FORM AND EFFECT OF RECEIPT AND ACCEPTANCE BY CUSTODIAL TRUSTEE; JURISDICTION (§
64.2-903)

A. Obligations of a custodial trustee, including the obligation to follow
directions of the beneficiary, arise under this chapter upon the custodial
trustee&#8217;s acceptance, express or implied, of the custodial trust property.

B. The custodial trustee&#8217;s acceptance may be evidenced by a writing
stating in substance:
			CUSTODIAL TRUSTEE&#8217;S RECEIPT AND ACCEPTANCE			I, ____________________
(name of custodial trustee), acknowledge receipt of the custodial trust property
described below or in the attached instrument and accept the custodial trust as
custodial trustee for ____________________ (name of beneficiary) under the
Virginia Uniform Custodial Trust Act. I undertake to administer and distribute
the custodial trust property pursuant to the Virginia Uniform Custodial Trust
Act. My obligations as custodial trustee are subject to the directions of the
beneficiary unless the beneficiary is designated as, is, or becomes
incapacitated. The custodial trust property consists of
________________________________________.			Dated:
____________________			________________________________________(signature of
custodial trustee)

C. Upon accepting custodial trust property, a person designated as custodial
trustee under this chapter is subject to personal jurisdiction of the court with
respect to any matter relating to the custodial trust.

HISTORY: 1990, c. 264, § 55-34.4; 2012, c. 614.