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2018 Code of Virginia
Title 6.2 - Financial Institutions and Services
Chapter 10 - Entities Conducting Trust Business
Article 1. Trust Powers and Trust Business
- § 6.2-1000. Definitions
- § 6.2-1001. Entities authorized to engage in trust business
- § 6.2-1002. Powers of trust institutions
- § 6.2-1003. When security not required; payment of probate taxes and fees
- § 6.2-1004. Who may take oath for corporate fiduciary
- § 6.2-1005. Deposit or other use of trust funds
- § 6.2-1006. Custody of trust securities to be kept separate; federal securities and obligations
- § 6.2-1007. Investment of trust funds
- § 6.2-1008. Dealings with self or affiliates
- § 6.2-1009. Common trust and collective investment funds
- § 6.2-1010. Holding stock or other securities as fiduciary
- § 6.2-1011. Voting of bank shares held by trust institution as fiduciary; when disqualified
- § 6.2-1012. Suspension or prohibition of trust institutions
Article 2. Trust Companies
- § 6.2-1013. Definitions
- § 6.2-1014. Certificate required
- § 6.2-1015. Application for certificate; fee
- § 6.2-1016. Bond required
- § 6.2-1017. Procedure for granting or denying certificate
- § 6.2-1018. Minimum capital; state of incorporation; form of entity
- § 6.2-1019. Issuance of shares; subscriptions to stock; stock option plans
- § 6.2-1020. Certain transactions by affiliated trust companies prohibited
- § 6.2-1021. Commissions or fees for sale of stock not permitted
- § 6.2-1022. Reacquisition of shares; dividends
- § 6.2-1023. Acquisition of stock; application
- § 6.2-1024. Restrictions on control, officers and directors
- § 6.2-1025. Report to Commission of election of director
- § 6.2-1026. Removal of director or officer; appeals; penalty
- § 6.2-1027. Bonds required of officers and employees; blanket bond
- § 6.2-1028. Offices
- § 6.2-1029. Directors
- § 6.2-1030. Discount by officer, director, or employee of refused paper
- § 6.2-1031. Reports
- § 6.2-1032. Investigations; examinations
- § 6.2-1033. Fees
- § 6.2-1034. Regulations
- § 6.2-1035. Audits
- § 6.2-1036. Commission's remedial powers
- § 6.2-1037. Effect of surrender or revocation of certificate
- § 6.2-1038. Appointment of receiver
- § 6.2-1039. Engaging in trust business without authority; Commission may examine accounts of suspected person; penalty
- § 6.2-1040. Unlawful use of terms indicating that business is trust company; penalty
- § 6.2-1041. Civil penalties for failure to comply with ยง 62-1031 or 62-1032
- § 6.2-1042. Making derogatory statements affecting trust companies; penalty
- § 6.2-1043. Use of trust company name, logo, or symbol for marketing purposes; penalty
- § 6.2-1044. Offenses by officer, director, agent or employee of trust company; penalties
- § 6.2-1045. Officers, directors, agents and employees violating or causing trust company to violate laws; civil liability not affected
- § 6.2-1046. Civil penalties for violation of Commission's orders
Article 3. Trust Subsidiaries
- § 6.2-1047. Definitions
- § 6.2-1048. Organization of subsidiary trust companies
- § 6.2-1049. Permissible business
- § 6.2-1050. Directors
- § 6.2-1051. Report to Commission of election of director
- § 6.2-1052. Removal of director or officer; appeals; penalty
- § 6.2-1053. Bonds required of officers and employees; blanket bond
- § 6.2-1054. Certificate required
- § 6.2-1055. Trust offices
- § 6.2-1056. When security not required of trust subsidiaries
- § 6.2-1057. Deposits held or received by trust subsidiaries or subsidiary bank with affiliate banks
- § 6.2-1058. Substitution of trust subsidiary as fiduciary
- § 6.2-1059. Substitution of subsidiary bank under common ownership as fiduciary
- § 6.2-1060. Trust subsidiaries to have same powers and restrictions as bank trust departments
- § 6.2-1061. Reports; investigations and examinations; civil penalties
- § 6.2-1062. Offenses by officer, director, agent or employee of trust subsidiary; penalties
- § 6.2-1063. Officers, directors, agents and employees violating or causing trust subsidiary to violate laws; civil liability not affected
- § 6.2-1064. Civil penalties for violation of Commission's orders
Article 4. Multistate Trust Institutions
- § 6.2-1065. Definitions
- § 6.2-1066. Interstate trust offices by Virginia state banks
- § 6.2-1067. Trust business of out-of-state trust institution
- § 6.2-1068. Establishing or acquiring an interstate trust office; additional trust offices; notice of closure
- § 6.2-1069. Filing requirements
- § 6.2-1070. Conditions for approval
- § 6.2-1071. Examinations; periodic reports; cooperative agreements; assessment of fees
- § 6.2-1072. Enforcement
- § 6.2-1073. Regulations; fees
Article 5. Private Trust Companies
- § 6.2-1074. Definitions
- § 6.2-1075. Organization; minimum capital; notice to Bureau; control
- § 6.2-1076. Operation and powers
- § 6.2-1077. Reacquisition of shares or interests; dividends
- § 6.2-1078. Offices
- § 6.2-1079. Directors or managers
- § 6.2-1080. Limitation on powers
Article 6. Trust Powers of Savings Institutions
- § 6.2-1081. Definitions
- § 6.2-1082. Applications for permission to offer trust services
- § 6.2-1083. Commission to issue certificate; powers of associations authorized to offer trust services
- § 6.2-1084. Continuation of trust powers in the event of consolidation or merger of two or more associations
- § 6.2-1085. When security not required
- § 6.2-1086. Association's operation and supervision of trust department
- § 6.2-1087. Books and accounts
- § 6.2-1088. Investment of funds and assets held as fiduciary
- § 6.2-1089. Funds awaiting investment or distribution
- § 6.2-1090. Dealings with self or affiliates
- § 6.2-1091. Voting of financial institution stock held by association as fiduciary; when association disqualified from voting
- § 6.2-1092. Transactions between trust accounts
- § 6.2-1093. Custody of assets and investments held in trust
- § 6.2-1094. Establishment of common trust funds and collective investment funds; court accountings
- § 6.2-1095. Compensation of association acting as fiduciary
- § 6.2-1096. Surrender of trust powers by association
- § 6.2-1097. Effect on trust accounts of appointment of receiver for association or of voluntary dissolution of association
- § 6.2-1098. Revocation of trust powers
- § 6.2-1099. Trust powers of state savings banks
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