CODE OF VIRGINIA

OPERATION AND POWERS (§ 6.2-1076)

Every private trust company shall have and shall conduct its business in
accordance with an operating plan and in accordance with generally accepted
fiduciary standards. A private trust company when engaging in a private trust
business shall have the same rights, powers, and privileges as a trust
institution pursuant to § 6.2-1002, including the power to act as executor
under the last will and testament or administrator of the estate of any deceased
family member.

HISTORY: 2003, c. 910, § 6.1-32.30:3; 2010, c. 794.