65.2-523 - Lump sum payments to trustees. - Virginia Statutes

§ 65.2-523. Lump sum payments to trustees.

Whenever the Commission deems it expedient, any lump sum subject to theprovisions of § 65.2-522 shall be paid by the employer to some suitableperson or corporation appointed by the circuit court in the county or citywherein the accident occurred, or by such other circuit court as may bedesignated by the Commission as more compatible with the interests andconvenience of the beneficiaries, as trustee or guardian, to administer thesame for the benefit of the person entitled hereto in the manner provided bythe Commission. The receipt of such trustee for the amount as paid shalldischarge the employer or anyone else who is liable therefor.

(Code 1950, § 65-72; 1968, c. 660, § 65.1-75; 1991, c. 355.)