Trust Companies

This is the 2025 edition of the code. There is not the current edition. Browse all editions.

This is Article 2 of the Code of Virginia, titled “Trust Companies.” It is part of Chapter 10 “Entities Conducting Trust Business”, which is part of Subtitle II “Depository Institutions and Trust Organizations”, which is part of Title 6.2 “Financial Institutions and Services”.

It’s comprised of the following 34 sections.

§ 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 § 6.2-1031 or 6.2-1032
§ 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