Entities Conducting Trust Business

  1. Law
  2. Code of Virginia
  3. Financial Institutions and Services
  4. Entities Conducting Trust Business

Checkout our iOS App for a better way to browser and research.

Section
6.2-1000

Definitions

Section
6.2-1001

Entities authorized to engage in trust business

Section
6.2-1002

Powers of trust institutions

Section
6.2-1003

When security not required; payment of probate taxes and fees

Section
6.2-1004

Who may take oath for corporate fiduciary

Section
6.2-1005

Deposit or other use of trust funds

Section
6.2-1006

Custody of trust securities to be kept separate; federal securities and obligations

Section
6.2-1007

Investment of trust funds

Section
6.2-1008

Dealings with self or affiliates

Section
6.2-1009

Common trust and collective investment funds

Section
6.2-1010

Holding stock or other securities as fiduciary

Section
6.2-1011

Voting of bank shares held by trust institution as fiduciary; when disqualified

Section
6.2-1012

Suspension or prohibition of trust institutions

Section
6.2-1013

Definitions

Section
6.2-1014

Certificate required

Section
6.2-1015

Application for certificate; fee

Section
6.2-1016

Bond required

Section
6.2-1017

Procedure for granting or denying certificate

Section
6.2-1018

Minimum capital; state of incorporation; form of entity

Section
6.2-1019

Issuance of shares; subscriptions to stock; stock option plans

Section
6.2-1020

Certain transactions by affiliated trust companies prohibited

Section
6.2-1021

Commissions or fees for sale of stock not permitted

Section
6.2-1022

Reacquisition of shares; dividends

Section
6.2-1023

Acquisition of stock; application

Section
6.2-1024

Restrictions on control, officers and directors

Section
6.2-1025

Report to Commission of election of director

Section
6.2-1026

Removal of director or officer; appeals; penalty

Section
6.2-1027

Bonds required of officers and employees; blanket bond

Section
6.2-1028

Offices

Section
6.2-1029

Directors

Section
6.2-1030

Discount by officer, director, or employee of refused paper

Section
6.2-1031

Reports

Section
6.2-1032

Investigations; examinations

Section
6.2-1033

Fees

Section
6.2-1034

Regulations

Section
6.2-1035

Audits

Section
6.2-1036

Commission's remedial powers

Section
6.2-1037

Effect of surrender or revocation of certificate

Section
6.2-1038

Appointment of receiver

Section
6.2-1039

Engaging in trust business without authority; Commission may examine accounts of suspected person; penalty

Section
6.2-1040

Unlawful use of terms indicating that business is trust company; penalty

Section
6.2-1041

Civil penalties for failure to comply with § 62-1031 or 62-1032

Section
6.2-1042

Making derogatory statements affecting trust companies; penalty

Section
6.2-1043

Use of trust company name, logo, or symbol for marketing purposes; penalty

Section
6.2-1044

Offenses by officer, director, agent or employee of trust company; penalties

Section
6.2-1045

Officers, directors, agents and employees violating or causing trust company to violate laws; civil liability not affected

Section
6.2-1046

Civil penalties for violation of Commission's orders

Section
6.2-1047

Definitions

Section
6.2-1048

Organization of subsidiary trust companies

Section
6.2-1049

Permissible business

Section
6.2-1050

Directors

Section
6.2-1051

Report to Commission of election of director

Section
6.2-1052

Removal of director or officer; appeals; penalty

Section
6.2-1053

Bonds required of officers and employees; blanket bond

Section
6.2-1054

Certificate required

Section
6.2-1055

Trust offices

Section
6.2-1056

When security not required of trust subsidiaries

Section
6.2-1057

Deposits held or received by trust subsidiaries or subsidiary bank with affiliate banks

Section
6.2-1058

Substitution of trust subsidiary as fiduciary

Section
6.2-1059

Substitution of subsidiary bank as fiduciary

Section
6.2-1060

Trust subsidiaries to have same powers and restrictions as bank trust departments

Section
6.2-1061

Reports; investigations and examinations; civil penalties

Section
6.2-1062

Offenses by officer, director, agent or employee of trust subsidiary; penalties

Section
6.2-1063

Officers, directors, agents and employees violating or causing trust subsidiary to violate laws; civil liability not affected

Section
6.2-1064

Civil penalties for violation of Commission's orders

Section
6.2-1065

Definitions

Section
6.2-1066

Interstate trust offices by Virginia state banks

Section
6.2-1067

Trust business of out-of-state trust institution

Section
6.2-1068

Establishing or acquiring an interstate trust office; additional trust offices; notice of closure

Section
6.2-1069

Filing requirements

Section
6.2-1070

Conditions for approval

Section
6.2-1071

Examinations; periodic reports; cooperative agreements; assessment of fees

Section
6.2-1072

Enforcement

Section
6.2-1073

Regulations; fees

Section
6.2-1074

Definitions

Section
6.2-1075

Organization; minimum capital; notice to Bureau; control

Section
6.2-1076

Operation and powers

Section
6.2-1077

Reacquisition of shares or interests; dividends

Section
6.2-1078

Offices

Section
6.2-1079

Directors or managers

Section
6.2-1080

Limitation on powers

Section
6.2-1081

Definitions

Section
6.2-1082

Applications for permission to offer trust services

Section
6.2-1083

Commission to issue certificate; powers of associations authorized to offer trust services

Section
6.2-1084

Continuation of trust powers in the event of consolidation or merger of two or more associations

Section
6.2-1085

When security not required

Section
6.2-1086

Association's operation and supervision of trust department

Section
6.2-1087

Books and accounts

Section
6.2-1088

Investment of funds and assets held as fiduciary

Section
6.2-1089

Funds awaiting investment or distribution

Section
6.2-1090

Dealings with self or affiliates

Section
6.2-1091

Voting of financial institution stock held by association as fiduciary; when association disqualified from voting

Section
6.2-1092

Transactions between trust accounts

Section
6.2-1093

Custody of assets and investments held in trust

Section
6.2-1094

Establishment of common trust funds and collective investment funds; court accountings

Section
6.2-1095

Compensation of association acting as fiduciary

Section
6.2-1096

Surrender of trust powers by association

Section
6.2-1097

Effect on trust accounts of appointment of receiver for association or of voluntary dissolution of association

Section
6.2-1098

Revocation of trust powers

Section
6.2-1099

Trust powers of state savings banks