Chap. 130.—An ACT to amend and re-enact sections 5408 and 5426 of the Code of
Virginia, relating to settlement of fiduciaries accounts, and filing reports there-

of. [S B 163]
Approved March 9, 1936

1. Be it enacted by the General Assembly of Virginia, That sec-
tions fifty-four hundred and eight and fifty-four hundred and twenty-
six of the Code of Virginia, be amended and re-enacted so as to
read as follows:

Section 5408. A statement of all money which any personal
representative, guardian, curator, or committee, or any trustee acting
under a trust created since the first day of July, eighteen hundred and
fifty, shall have received, or become chargeable with, or shall have
disbursed, within one year from the date of the order conferring
his authority, or from the date of such trust, as the case may be, or
within any succeeding year, together with the vouchers for such dis-
bursements, and a statement of cash on hand or in bank and all
investments held at the terminal date of such account, shall, within
six months after the end of every such year, be exhibited by him
before the commissioner of accounts of the court wherein the order
conferring his authority was made, or of the court wherein the
instrument creating the trust was first recorded, as the case may be;
and the said commissioner shall state, settle and report to the court
an account of the transactions of any such fiduciary, as provided
by law. Any such fiduciary shall also, at the request of the com-
missioner to whom he is required to exhibit the foregoing statements,
and within two months after such request is made, exhibit to the
said commissioner, the securities held by such fiduciary together
with a statement or statements of the bank or banks in which cash
is held at the terminal date of the account. If any such fiduciary
fail to make any such exhibit, as herein required, the commission
and the court shall proceed against him in like manner, and the court
shall impose the same penalty, unless such fiduciary is excused for
sufficient reason, as is herein provided in cases where fiduciaries fail
to return inventories of their respective estates. The commissioner
shall enter in his record book, in a separate column, the date of each
settlement of fiduciary accounts made by him. This section and
section fifty-four hundred and four are subject to the proviso that
if after a deed of trust is given on land lying in a county, and before
a sale thereunder said land is taken within the limits of an incor-
porated city, the returns of the trustee and settlement of his ac-
counts shall be before the commissioner of accounts of such city.

Section 5426. Every account stated under this chapter, including a
statement of the cash on hand and in bank and the investments held
by the fiduciary at the terminal date of the account, shall be reported,
with any matters specially stated deemed pertinent by the commis-
sioner, or which may be required by any person interested to be so
stated.