CHAPTER 214

An Act to amend and reenact § 55-19 of the Code of Virginia, relating to
subjection of estates in trust to debts of beneficiaries. CH 487)
4

Approved March 7, 1958

Be it enacted by the General Assembly of Virginia:
aa That § 55-19 of the Code of Virginia be amended and reenacted as

lows:

§ 55-19. Estates of every kind holden or possessed in trust shall be
subject to the debts and charges of the persons to whose use or to whose
benefit they are holden or possessed, as they would be if those persons
owned the like interest in the things holden or possessed as in the uses or
trusts thereof; but any such estate, not exceeding * two hundred thou-
sand dollars in actual value, may be holden or possessed in trust upon
condition that the corpus thereof and income therefrom, or either of
them, shall be applied by the trustee to the support and maintenance of
the beneficiaries without being subject to their liabilities or to alienation
by them, but no such trust shall operate to the prejudice of any existing
creditor of the creator of such trust.