2010 Code of Virginia
Title 6.2 - FINANCIAL INSTITUTIONS AND SERVICES.
Chapter 10 - Entities Conducting Trust Business. (6.2-1000 thru 6.2-1099)
6.2-1012 - (Effective October 1, 2010) Suspension or prohibition of trust institutions.
§ 6.2-1012. (Effective October 1, 2010) Suspension or prohibition of trust institutions.
The Commission may prohibit or suspend from engaging in trust business any (i) trust company that fails to comply with any of the provisions of § 6.2-1005, 6.2-1006, or 6.2-1008; (ii) bank doing a trust business that fails to comply with any of the provisions of § 6.2-821, 6.2-1005, 6.2-1006, or 6.2-1008; or (iii) trust subsidiary that fails to comply with the provisions of § 6.2-1006 or 6.2-1008.
(Code 1950, § 6-103; 1966, c. 584, § 6.1-32; 1974, c. 665; 2010, c. 794.)
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