Added a definition for electronic to Uniform trust code: relating to technology having electrical, digital, magnetic, wireless, optical, electromagnetic, or similar capabilities.
Modified definition of trust instrument: a record executed changed to a record signed.
Legislative History
On Jan. 21, 2025, bill introduced in the House; on Jan. 23, 205, bill passed the House.
On Jan. 24, 2025, bill introduced in Senate; on Feb. 10, 2025, bill passed the Senate.
On Mar. 18, 2025, HB 1770 was signed by the governor, was assigned Chapter 74.
Effectiveness
Bill effective on Jul. 1, 2025.
Regulators
VA LEG
Entity Types
Bank; Fiduciary
Reference
Ch. 74, Bill HB1770, 3/18/2025; Citation: VA LEG 64.2-III-7-1-64.2-701;
