CHAPTER 514

An Act to amend and reenact § 26-46.2, as amended, of the Code of Vir-
ginia, relating to qualification of trustees.

Pa a | roe Fe ee |
Be it enacted by the General Assembly of Virginia:

1. That § 26-46.2, as amended, of the Code of Virginia be amended anc
reenacted as follows:

§ 26-46.2. Jurisdiction for qualification of trustee; qualification and
bond of trustee; when qualification, bond and account not required.—In
the case of testamentary trusts, if the will has been admitted to probate in
this State, the jurisdiction where the will has been probated shall be the
exclusive jurisdiction for qualification of the trustee or trustees under such
will. If such will is the will of a nonresident, and has not been admitted tc
probate, then the trustee or trustees thereunder shall be permitted te
qualify in any jurisdiction in which such will could be probated, and if
ood be no such jurisdiction, then qualification shall be as permitted in
et

Each trustee named in a will probated after July one, nineteen hun-
dred sixty-eight, before proceeding to act thereunder, shall qualify and
give bond before the proper court or clerk thereof with surety, as may
be required by said court or clerk unless the will waives surety on
Hae bond or unless the necessity for surety is dispensed with under

1-18.

The provisions hereof shall not apply to a testamentary devise or

bequest toa church or its trustees.