{"law_id":"783958","section_number":"6.2-1046","catch_line":"Civil penalties for violation of Commission’s orders","history":"1968, c. 791, \u00a7 6.1-125; 1974, c. 665; 1976, c. 658; 2010, c. 794.","order_by":null,"metadata":false,"court_decisions":{},"official_url":"http:\/\/law.lis.virginia.gov\/vacode\/6.2-1046\/","refers_to":false,"url":"\/6.2-1046\/","token":"6.2\/II\/10\/2\/6.2-1046","structure":{"1":{"id":"762","name":"Trust Companies.","identifier":"2","label":"article","url":"\/6.2\/II\/10\/2\/"},"2":{"id":"761","name":"Entities Conducting Trust Business","identifier":"10","label":"chapter","url":"\/6.2\/II\/10\/"},"3":{"id":"333","name":"Depository Institutions And Trust Organizations","identifier":"II","label":"subtitle","url":"\/6.2\/II\/"},"4":{"id":"332","name":"Financial Institutions And Services","identifier":"6.2","label":"title","url":"\/6.2\/"}},"referred_to_by":false,"edition_id":"11","section_id":"783958","structure_id":"762","full_text":"A The Commission may impose, enter judgment for, and enforce by its process, a civil penalty not exceeding $ 10,000 upon any trust company or against any of its directors, officers, or employees, who it determines, in proceedings commenced in accordance with the Commission’s Rules, has violated any lawful order of the Commission.\r\rB The Commission may remove from office any director or officer of a trust company for a second or subsequent violation by him of any such order.\r\rC In all cases the defendant shall have an opportunity to be heard and to introduce evidence, and the right to appeal as provided by law.\r\r","text":{"0":{"id":"2528547","text":"The Commission may impose, enter judgment for, and enforce by its process, a civil penalty not exceeding $ 10,000 upon any trust company or against any of its directors, officers, or employees, who it determines, in proceedings commenced in accordance with the Commission’s Rules, has violated any lawful order of the Commission.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1},"1":{"id":"2528548","text":"The Commission may remove from office any director or officer of a trust company for a second or subsequent violation by him of any such order.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1},"2":{"id":"2528549","text":"In all cases the defendant shall have an opportunity to be heard and to introduce evidence, and the right to appeal as provided by law.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1}},"ancestry":{"1":{"id":"762","name":"Trust Companies.","identifier":"2","label":"article","url":"\/6.2\/II\/10\/2\/"},"2":{"id":"761","name":"Entities Conducting Trust Business","identifier":"10","label":"chapter","url":"\/6.2\/II\/10\/"},"3":{"id":"333","name":"Depository Institutions And Trust Organizations","identifier":"II","label":"subtitle","url":"\/6.2\/II\/"},"4":{"id":"332","name":"Financial Institutions And Services","identifier":"6.2","label":"title","url":"\/6.2\/"}},"structure_contents":{"0":{"id":"792330","structure_id":"762","section_number":"6.2-1013","catch_line":"Definitions","url":"\/6.2-1013\/","token":"6.2\/II\/10\/2\/6.2-1013"},"1":{"id":"765557","structure_id":"762","section_number":"6.2-1014","catch_line":"Certificate required","url":"\/6.2-1014\/","token":"6.2\/II\/10\/2\/6.2-1014"},"2":{"id":"788952","structure_id":"762","section_number":"6.2-1015","catch_line":"Application for certificate; fee","url":"\/6.2-1015\/","token":"6.2\/II\/10\/2\/6.2-1015"},"3":{"id":"784636","structure_id":"762","section_number":"6.2-1016","catch_line":"Bond required","url":"\/6.2-1016\/","token":"6.2\/II\/10\/2\/6.2-1016"},"4":{"id":"784601","structure_id":"762","section_number":"6.2-1017","catch_line":"Procedure for granting or denying certificate","url":"\/6.2-1017\/","token":"6.2\/II\/10\/2\/6.2-1017"},"5":{"id":"784421","structure_id":"762","section_number":"6.2-1018","catch_line":"Minimum capital; state of incorporation; form of entity","url":"\/6.2-1018\/","token":"6.2\/II\/10\/2\/6.2-1018"},"6":{"id":"784300","structure_id":"762","section_number":"6.2-1019","catch_line":"Issuance of shares; subscriptions to stock; stock option plans","url":"\/6.2-1019\/","token":"6.2\/II\/10\/2\/6.2-1019"},"7":{"id":"784574","structure_id":"762","section_number":"6.2-1020","catch_line":"Certain transactions by affiliated trust companies prohibited","url":"\/6.2-1020\/","token":"6.2\/II\/10\/2\/6.2-1020"},"8":{"id":"790481","structure_id":"762","section_number":"6.2-1021","catch_line":"Commissions or fees for sale of stock not permitted","url":"\/6.2-1021\/","token":"6.2\/II\/10\/2\/6.2-1021"},"9":{"id":"777462","structure_id":"762","section_number":"6.2-1022","catch_line":"Reacquisition of shares; dividends","url":"\/6.2-1022\/","token":"6.2\/II\/10\/2\/6.2-1022"},"10":{"id":"792185","structure_id":"762","section_number":"6.2-1023","catch_line":"Acquisition of stock; application","url":"\/6.2-1023\/","token":"6.2\/II\/10\/2\/6.2-1023"},"11":{"id":"779304","structure_id":"762","section_number":"6.2-1024","catch_line":"Restrictions on control, officers and directors","url":"\/6.2-1024\/","token":"6.2\/II\/10\/2\/6.2-1024"},"12":{"id":"775476","structure_id":"762","section_number":"6.2-1025","catch_line":"Report to Commission of election of director","url":"\/6.2-1025\/","token":"6.2\/II\/10\/2\/6.2-1025"},"13":{"id":"792055","structure_id":"762","section_number":"6.2-1026","catch_line":"Removal of director or officer; appeals; penalty","url":"\/6.2-1026\/","token":"6.2\/II\/10\/2\/6.2-1026"},"14":{"id":"774333","structure_id":"762","section_number":"6.2-1027","catch_line":"Bonds required of officers and employees; blanket bond","url":"\/6.2-1027\/","token":"6.2\/II\/10\/2\/6.2-1027"},"15":{"id":"766835","structure_id":"762","section_number":"6.2-1028","catch_line":"Offices","url":"\/6.2-1028\/","token":"6.2\/II\/10\/2\/6.2-1028"},"16":{"id":"786712","structure_id":"762","section_number":"6.2-1029","catch_line":"Directors","url":"\/6.2-1029\/","token":"6.2\/II\/10\/2\/6.2-1029"},"17":{"id":"784820","structure_id":"762","section_number":"6.2-1030","catch_line":"Discount by officer, director, or employee of refused paper","url":"\/6.2-1030\/","token":"6.2\/II\/10\/2\/6.2-1030"},"18":{"id":"795285","structure_id":"762","section_number":"6.2-1031","catch_line":"Reports","url":"\/6.2-1031\/","token":"6.2\/II\/10\/2\/6.2-1031"},"19":{"id":"772031","structure_id":"762","section_number":"6.2-1032","catch_line":"Investigations; examinations","url":"\/6.2-1032\/","token":"6.2\/II\/10\/2\/6.2-1032"},"20":{"id":"789078","structure_id":"762","section_number":"6.2-1033","catch_line":"Fees","url":"\/6.2-1033\/","token":"6.2\/II\/10\/2\/6.2-1033"},"21":{"id":"777584","structure_id":"762","section_number":"6.2-1034","catch_line":"Regulations","url":"\/6.2-1034\/","token":"6.2\/II\/10\/2\/6.2-1034"},"22":{"id":"786980","structure_id":"762","section_number":"6.2-1035","catch_line":"Audits","url":"\/6.2-1035\/","token":"6.2\/II\/10\/2\/6.2-1035"},"23":{"id":"785703","structure_id":"762","section_number":"6.2-1036","catch_line":"Commission's remedial powers","url":"\/6.2-1036\/","token":"6.2\/II\/10\/2\/6.2-1036"},"24":{"id":"796522","structure_id":"762","section_number":"6.2-1037","catch_line":"Effect of surrender or revocation of certificate","url":"\/6.2-1037\/","token":"6.2\/II\/10\/2\/6.2-1037"},"25":{"id":"776180","structure_id":"762","section_number":"6.2-1038","catch_line":"Appointment of receiver","url":"\/6.2-1038\/","token":"6.2\/II\/10\/2\/6.2-1038"},"26":{"id":"791514","structure_id":"762","section_number":"6.2-1039","catch_line":"Engaging in trust business without authority; Commission may examine accounts of suspected person; penalty","url":"\/6.2-1039\/","token":"6.2\/II\/10\/2\/6.2-1039"},"27":{"id":"795261","structure_id":"762","section_number":"6.2-1040","catch_line":"Unlawful use of terms indicating that business is trust company; penalty","url":"\/6.2-1040\/","token":"6.2\/II\/10\/2\/6.2-1040"},"28":{"id":"766557","structure_id":"762","section_number":"6.2-1041","catch_line":"Civil penalties for failure to comply with \u00a7 6.2-1031 or 6.2-1032","url":"\/6.2-1041\/","token":"6.2\/II\/10\/2\/6.2-1041"},"29":{"id":"795033","structure_id":"762","section_number":"6.2-1042","catch_line":"Making derogatory statements affecting trust companies; penalty","url":"\/6.2-1042\/","token":"6.2\/II\/10\/2\/6.2-1042"},"30":{"id":"778763","structure_id":"762","section_number":"6.2-1043","catch_line":"Use of trust company name, logo, or symbol for marketing purposes; penalty","url":"\/6.2-1043\/","token":"6.2\/II\/10\/2\/6.2-1043"},"31":{"id":"785928","structure_id":"762","section_number":"6.2-1044","catch_line":"Offenses by officer, director, agent or employee of trust company; penalties","url":"\/6.2-1044\/","token":"6.2\/II\/10\/2\/6.2-1044"},"32":{"id":"790017","structure_id":"762","section_number":"6.2-1045","catch_line":"Officers, directors, agents and employees violating or causing trust company to violate laws; civil liability not affected","url":"\/6.2-1045\/","token":"6.2\/II\/10\/2\/6.2-1045"},"33":{"id":"783958","structure_id":"762","section_number":"6.2-1046","catch_line":"Civil penalties for violation of Commission's orders","url":"\/6.2-1046\/","token":"6.2\/II\/10\/2\/6.2-1046"}},"previous_section":{"id":"790017","structure_id":"762","section_number":"6.2-1045","catch_line":"Officers, directors, agents and employees violating or causing trust company to violate laws; civil liability not affected","url":"\/6.2-1045\/","token":"6.2\/II\/10\/2\/6.2-1045"},"references":false,"formats":{"txt":"\/6.2-1046.txt","json":"\/6.2-1046.json","xml":"\/6.2-1046.xml"},"dublin_core":{"Title":"Civil penalties for violation of Commission’s orders","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-1046","Relation":"Code of Virginia"},"plain_text":"                                 CODE OF VIRGINIA\n\nCIVIL PENALTIES FOR VIOLATION OF COMMISSION’S ORDERS (\u00a7 6.2-1046)\n\nA. The Commission may impose, enter judgment for, and enforce by its process, a\ncivil penalty not exceeding $ 10,000 upon any trust company or against any of\nits directors, officers, or employees, who it determines, in proceedings\ncommenced in accordance with the Commission’s Rules, has violated any\nlawful order of the Commission.\n\nB. The Commission may remove from office any director or officer of a trust\ncompany for a second or subsequent violation by him of any such order.\n\nC. In all cases the defendant shall have an opportunity to be heard and to\nintroduce evidence, and the right to appeal as provided by law.\n\nHISTORY: 1968, c. 791, \u00a7 6.1-125; 1974, c. 665; 1976, c. 658; 2010, c. 794."}