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Virginia Law

Code of Virginia

Table of Contents » Title 6.2. Financial Institutions and Services » Subtitle II. Depository Institutions and Trust Organizations » Chapter 10. Entities Conducting Trust Business » Article 3. Trust Subsidiaries » § 6.2-1049. Permissible business

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Code of Virginia
Title 6.2. Financial Institutions and Services
Chapter 10. Entities Conducting Trust Business

10/10/2024

§ 6.2-1049. Permissible business.

A trust subsidiary shall be permitted to engage in trust business and activities that may be engaged in by a bank pursuant to § 6.2-1002, and business incidental thereto. A trust subsidiary shall not accept deposits or conduct any other business except as may be incidental to the trust business being conducted by it.

1974, c. 286, § 6.1-32.5; 1997, c. 801; 2010, c. 794.

The chapters of the acts of assembly referenced in the historical citation at the end of this section may not constitute a comprehensive list of such chapters and may exclude chapters whose provisions have expired.