CODE OF VIRGINIA

CERTAIN TRANSACTIONS BY AFFILIATED TRUST COMPANIES PROHIBITED (§ 6.2-1020)

An affiliated trust company shall not:

   1.  During the underwriting period, purchase from an affiliated broker-dealer,
   for any trust account or for its own account, any security that is being
   underwritten by that broker-dealer; or

   2.  Purchase for any trust account or for its own account any security that is
   issued by a company that owns five percent or more of the capital stock of, or
   is affiliated with, the affiliated trust company.

HISTORY: 1994, c. 524, § 6.1-32.14:2; 1995, c. 140; 2010, c. 794.