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Home / Opinion Digests / Condemnation Sale Proceeds are ‘Income’ to Trust (access required)

Condemnation Sale Proceeds are ‘Income’ to Trust (access required)

A trust provision allocates income from a condemnation sale of trust real estate in Newport News to “income” to be paid to the trustee, not as principal that may eventually go to appellant healthcare association, and the Supreme Court of Virginia affirms that ruling for the trust, but reverses the trial court decision dismissing the ...

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