CODE OF VIRGINIA

TRUST SUBSIDIARIES TO HAVE SAME POWERS AND RESTRICTIONS AS BANK TRUST
DEPARTMENTS (§ 6.2-1060)

Wherever there is granted to or imposed upon a bank having and exercising trust
powers any further powers in the nature of trust powers or any restriction upon
any such powers, whether under this title or otherwise, it is intended that such
grant to or restriction upon a bank in its trust powers shall be equally
applicable to a trust subsidiary, unless context shall otherwise require or
unless this chapter or Chapter 8 (§ 6.2-800 et seq.) specifically covers such
situation or provides otherwise.

HISTORY: 1974, c. 286, § 6.1-32.10; 2010, c. 794.