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§ 6.2-1000. Definitions - As used in this chapter, unless the context requires otherwise:...
§ 6.2-1001. Entities authorized to engage in trust business - A. No entities, except (i) corporations duly chartered and already...
§ 6.2-1002. Powers of trust institutions - A. All banks that are authorized to do a trust...
§ 6.2-1003. When security not required; payment of probate taxes and fees - A. No bank or trust company with a minimum unimpaired...
§ 6.2-1004. Who may take oath for corporate fiduciary - In all cases where any trust institution shall be appointed...
§ 6.2-1005. Deposit or other use of trust funds - A. Funds received or held in the trust department of...
§ 6.2-1006. Custody of trust securities to be kept separate; federal securities and obligations - A. The securities and investments held in each trust shall...
§ 6.2-1007. Investment of trust funds - A. Funds received or held by a trust institution awaiting...
§ 6.2-1008. Dealings with self or affiliates - A. No trust institution shall buy any property for a...
§ 6.2-1009. Common trust and collective investment funds - A. As used in this section: "Common trust fund" means...
§ 6.2-1010. Holding stock or other securities as fiduciary - A. A trust institution holding stock or other securities as...
§ 6.2-1011. Voting of bank shares held by trust institution as fiduciary; when disqualified - A. As used in this section, "banking corporation" includes a...
§ 6.2-1012. Suspension or prohibition of trust institutions - The Commission may prohibit or suspend from engaging in trust...
§ 6.2-1013. Definitions - As used in this article, unless the context requires a...
§ 6.2-1014. Certificate required - No person shall engage in the trust business without first...
§ 6.2-1015. Application for certificate; fee - A. An application for a certificate shall (i) be in...
§ 6.2-1016. Bond required - A. No applicant shall obtain a certificate without filing with...
§ 6.2-1017. Procedure for granting or denying certificate - Before any trust company shall begin business, it shall obtain...
§ 6.2-1018. Minimum capital; state of incorporation; form of entity - A certificate shall not be issued under § 6.2-1017 to...
§ 6.2-1019. Issuance of shares; subscriptions to stock; stock option plans - A. A trust company shall not issue no-par stock. The...
§ 6.2-1020. Certain transactions by affiliated trust companies prohibited - An affiliated trust company shall not: 1. During the underwriting...
§ 6.2-1021. Commissions or fees for sale of stock not permitted - The Commission shall not issue a certificate of authority to...
§ 6.2-1022. Reacquisition of shares; dividends - A. A trust company may not purchase, redeem or otherwise...
§ 6.2-1023. Acquisition of stock; application - A. Except as provided in this section, no person shall...
§ 6.2-1024. Restrictions on control, officers and directors - A. None of the following individuals or entities shall acquire...
§ 6.2-1025. Report to Commission of election of director - Within 60 days following the election or reelection of any...
§ 6.2-1026. Removal of director or officer; appeals; penalty - A. Whenever any director or officer of a trust company...
§ 6.2-1027. Bonds required of officers and employees; blanket bond - A. The board of directors of every trust company shall...
§ 6.2-1028. Offices - A. When satisfied that the public interest, as defined in...
§ 6.2-1029. Directors - A. The affairs of every trust company shall be directed...
§ 6.2-1030. Discount by officer, director, or employee of refused paper - No officer, director, or employee of a trust company may...
§ 6.2-1031. Reports - Each trust company and trust company holding company shall file...
§ 6.2-1032. Investigations; examinations - A. The Commission may, by its designated officers and employees,...
§ 6.2-1033. Fees - A. In order to defray the costs of their examination,...
§ 6.2-1034. Regulations - The Commission may adopt such regulations as it deems appropriate...
§ 6.2-1035. Audits - The Commission may require trust companies or trust company holding...
§ 6.2-1036. Commission's remedial powers - A. If the Commission finds that a trust company (i)...
§ 6.2-1037. Effect of surrender or revocation of certificate - If a trust company surrenders its certificate or its certificate...
§ 6.2-1038. Appointment of receiver - A. When in the judgment of the Commission it is...
§ 6.2-1039. Engaging in trust business without authority; Commission may examine accounts of suspected person; penalty - A. Every person who trades or deals as a trust...
§ 6.2-1040. Unlawful use of terms indicating that business is trust company; penalty - A. A person not authorized to engage in the trust...
§ 6.2-1041. Civil penalties for failure to comply with § 62-1031 or 62-1032 - A. Any trust company failing to comply with any of...
§ 6.2-1042. Making derogatory statements affecting trust companies; penalty - Any person who willfully and maliciously makes, circulates or transmits...
§ 6.2-1043. Use of trust company name, logo, or symbol for marketing purposes; penalty - A. As used in this section, "name, logo, or symbol,...
§ 6.2-1044. Offenses by officer, director, agent or employee of trust company; penalties - A. Any officer, director, agent, or employee of any trust...
§ 6.2-1045. Officers, directors, agents and employees violating or causing trust company to violate laws; civil liability not affected - Any officer, director, agent, or employee of any trust company...
§ 6.2-1046. Civil penalties for violation of Commission's orders - A. The Commission may impose, enter judgment for, and enforce...
§ 6.2-1047. Definitions - As used in this article, unless the context requires a...
§ 6.2-1048. Organization of subsidiary trust companies - A. A subsidiary trust company may be incorporated and organized...
§ 6.2-1049. Permissible business - A trust subsidiary shall be permitted to engage in trust...
§ 6.2-1050. Directors - The affairs of every trust subsidiary incorporated under the laws...
§ 6.2-1051. Report to Commission of election of director - Within 60 days following the election or reelection of any...
§ 6.2-1052. Removal of director or officer; appeals; penalty - A. Whenever any director or officer of a trust subsidiary...
§ 6.2-1053. Bonds required of officers and employees; blanket bond - A. The board of directors of every trust subsidiary shall...
§ 6.2-1054. Certificate required - No trust subsidiary, other than a wholly owned subsidiary of...
§ 6.2-1055. Trust offices - A trust subsidiary may have trust offices at locations where...
§ 6.2-1056. When security not required of trust subsidiaries - No trust subsidiary with combined unimpaired capital stock and surplus...
§ 6.2-1057. Deposits held or received by trust subsidiaries or subsidiary bank with affiliate banks - A. Funds received or held by a trust subsidiary or...
§ 6.2-1058. Substitution of trust subsidiary as fiduciary - A. Upon obtaining a certificate to engage in the trust...
§ 6.2-1059. Substitution of subsidiary bank as fiduciary - A. Upon obtaining permission to engage in the trust business,...
§ 6.2-1060. Trust subsidiaries to have same powers and restrictions as bank trust departments - Wherever there is granted to or imposed upon a bank...
§ 6.2-1061. Reports; investigations and examinations; civil penalties - A. Each trust subsidiary shall file statements of condition and...
§ 6.2-1062. Offenses by officer, director, agent or employee of trust subsidiary; penalties - A. Any officer, director, agent, or employee of any trust...
§ 6.2-1063. Officers, directors, agents and employees violating or causing trust subsidiary to violate laws; civil liability not affected - Any officer, director, agent, or employee of any trust subsidiary...
§ 6.2-1064. Civil penalties for violation of Commission's orders - A. The Commission may impose, enter judgment for, and enforce...
§ 6.2-1065. Definitions - As used in this article, unless the context requires a...
§ 6.2-1066. Interstate trust offices by Virginia state banks - A. With the prior approval of the Commission, any Virginia...
§ 6.2-1067. Trust business of out-of-state trust institution - A. An out-of-state trust institution that establishes or maintains one...
§ 6.2-1068. Establishing or acquiring an interstate trust office; additional trust offices; notice of closure - A. An out-of-state trust institution that does not already maintain...
§ 6.2-1069. Filing requirements - An out-of-state trust institution desiring to establish and maintain a...
§ 6.2-1070. Conditions for approval - A trust office of an out-of-state trust institution shall not...
§ 6.2-1071. Examinations; periodic reports; cooperative agreements; assessment of fees - A. The Commission may make such examinations of any office...
§ 6.2-1072. Enforcement - If the Commission determines that there is any violation of...
§ 6.2-1073. Regulations; fees - The Commission may adopt such regulations, and may provide for...
§ 6.2-1074. Definitions - As used in this article, unless the context requires a...
§ 6.2-1075. Organization; minimum capital; notice to Bureau; control - A. No person other than a corporation or limited liability...
§ 6.2-1076. Operation and powers - Every private trust company shall have and shall conduct its...
§ 6.2-1077. Reacquisition of shares or interests; dividends - A private trust company shall not purchase, redeem, or otherwise...
§ 6.2-1078. Offices - A. The office at which a private trust company begins...
§ 6.2-1079. Directors or managers - The affairs of every private trust company shall be directed...
§ 6.2-1080. Limitation on powers - A. In the exercise of any power held by a...
§ 6.2-1081. Definitions - As used in this article, unless the context requires a...
§ 6.2-1082. Applications for permission to offer trust services - A. An association desiring to exercise fiduciary powers, either through...
§ 6.2-1083. Commission to issue certificate; powers of associations authorized to offer trust services - A. Upon granting the application of an association to exercise...
§ 6.2-1084. Continuation of trust powers in the event of consolidation or merger of two or more associations - If an association consolidates or merges with another association or...
§ 6.2-1085. When security not required - No association with a minimum combined unimpaired capital and surplus...
§ 6.2-1086. Association's operation and supervision of trust department - A. The board of directors of an association is responsible...
§ 6.2-1087. Books and accounts - Every association exercising trust powers shall keep its fiduciary records...
§ 6.2-1088. Investment of funds and assets held as fiduciary - Funds and assets held by an association in a fiduciary...
§ 6.2-1089. Funds awaiting investment or distribution - A. Funds and assets held in a fiduciary capacity by...
§ 6.2-1090. Dealings with self or affiliates - A. Unless authorized by the governing instrument or by court...
§ 6.2-1091. Voting of financial institution stock held by association as fiduciary; when association disqualified from voting - A. When voting shares of a financial institution are held...
§ 6.2-1092. Transactions between trust accounts - A. An association may sell assets held by it as...
§ 6.2-1093. Custody of assets and investments held in trust - A. The assets and investments of each trust account shall...
§ 6.2-1094. Establishment of common trust funds and collective investment funds; court accountings - A. Any association authorized by the Commission to offer fiduciary...
§ 6.2-1095. Compensation of association acting as fiduciary - A. If the amount of the compensation for acting in...
§ 6.2-1096. Surrender of trust powers by association - Any association that has been granted the right to exercise...
§ 6.2-1097. Effect on trust accounts of appointment of receiver for association or of voluntary dissolution of association - A. If a receiver is appointed for an association, the...
§ 6.2-1098. Revocation of trust powers - A. If, in the opinion of the Commission, an association...
§ 6.2-1099. Trust powers of state savings banks - State savings banks, and their subsidiaries and affiliates, may exercise...