Trust Powers Of Savings Institutions.
This is Article 6 of the Code of Virginia, titled “Trust Powers Of Savings Institutions..” It is part of Title 6.2, titled “Financial Institutions And Services.” It is part of Subtitle II, titled “Depository Institutions And Trust Organizations.” It is part of Chapter 10, titled “Entities Conducting Trust Business.” It’s comprised of the following 19 sections.
- § 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