2006 Code of Virginia § 6.1-32.10 - Trust subsidiaries to have same powers and restrictions as bank trust departments

6.1-32.10. Trust subsidiaries to have same powers and restrictions as banktrust departments.

Wherever there is granted to or imposed upon a bank having and exercisingtrust powers any further powers in the nature of trust powers or anyrestriction upon any such powers, whether under this title or otherwise, itis intended that such grant to or restriction upon a bank in its trust powersshall be equally applicable to a trust subsidiary, unless context shallotherwise require or unless this Chapter 2 ( 6.1-3 et seq.), Title 6.1specifically covers such situation or provides otherwise.

(1974, c. 286.)