Trust Companies.
This is Article 2 of the Code of Virginia, titled “Trust Companies..” It is part of Title 6.2, titled “Financial Institutions And Services.” It is part of Subtitle II, titled “Depository Institutions And Trust Organizations.” It is part of Chapter 10, titled “Entities Conducting Trust Business.” It’s comprised of the following 34 sections.
- § 6.2-1013
- Definitions
- § 6.2-1014
- Certificate required
- § 6.2-1015
- Application for certificate; fee
- § 6.2-1016
- Bond required
- § 6.2-1017
- Procedure for granting or denying certificate
- § 6.2-1018
- Minimum capital; state of incorporation; form of entity
- § 6.2-1019
- Issuance of shares; subscriptions to stock; stock option plans
- § 6.2-1020
- Certain transactions by affiliated trust companies prohibited
- § 6.2-1021
- Commissions or fees for sale of stock not permitted
- § 6.2-1022
- Reacquisition of shares; dividends
- § 6.2-1023
- Acquisition of stock; application
- § 6.2-1024
- Restrictions on control, officers and directors
- § 6.2-1025
- Report to Commission of election of director
- § 6.2-1026
- Removal of director or officer; appeals; penalty
- § 6.2-1027
- Bonds required of officers and employees; blanket bond
- § 6.2-1028
- Offices
- § 6.2-1029
- Directors
- § 6.2-1030
- Discount by officer, director, or employee of refused paper
- § 6.2-1031
- Reports
- § 6.2-1032
- Investigations; examinations
- § 6.2-1033
- Fees
- § 6.2-1034
- Regulations
- § 6.2-1035
- Audits
- § 6.2-1036
- Commission's remedial powers
- § 6.2-1037
- Effect of surrender or revocation of certificate
- § 6.2-1038
- Appointment of receiver
- § 6.2-1039
- Engaging in trust business without authority; Commission may examine accounts of suspected person; penalty
- § 6.2-1040
- Unlawful use of terms indicating that business is trust company; penalty
- § 6.2-1041
- Civil penalties for failure to comply with § 6.2-1031 or 6.2-1032
- § 6.2-1042
- Making derogatory statements affecting trust companies; penalty
- § 6.2-1043
- Use of trust company name, logo, or symbol for marketing purposes; penalty
- § 6.2-1044
- Offenses by officer, director, agent or employee of trust company; penalties
- § 6.2-1045
- Officers, directors, agents and employees violating or causing trust company to violate laws; civil liability not affected
- § 6.2-1046
- Civil penalties for violation of Commission's orders