Trust Powers of Savings Institutions

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This is Article 6 of the Code of Virginia, titled “Trust Powers of Savings Institutions.” 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 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