State Codes and Statutes
Statutes > Virginia > Title-64-1 > Chapter-6 > 64-1-163§ 64.1-163. Transfers not required until tax ascertained or security given.
No executor, administrator or other person acting in a fiduciary capacityshall be required to transfer, pay over or distribute any fund or propertywith respect to which an estate tax is imposed by the Commonwealth ofVirginia, any other state or the United States until the amount of such taxor taxes due from the devisee, legatee, distributee or other person to whomsuch property is transferred is paid to such fiduciary, or, if theapportionment of tax has not been determined, adequate security is furnishedby the transferee for such payment.
(Code 1950, § 64-153; 1968, c. 656; 1994, c. 917.)
