{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-1062.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-1062.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-1062.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-1062.html"}],"law_id":56552,"edition_id":1,"section_id":56552,"structure_id":13108,"section_number":"6.2-1062","catch_line":"Offenses by officer, director, agent or employee of trust subsidiary; penalties","history":"Code 1950, \u00a7\u00a7 6-128, 6-138; 1966, c. 584, \u00a7 6.1-122; 1974, c. 665; 2010, c. 794.","full_text":"A\n\nAny officer, director, agent, or employee of any trust subsidiary who embezzles, abstracts, or willfully misapplies any of the moneys, funds or credits of, or in the possession or control of the trust subsidiary is guilty of larceny and subject to the penalties provided in &#xA7; 18.2-95 or 18.2-96.B\n\nAny officer, director, agent or employee of any trust subsidiary who (i) issues or puts forth any certificate of deposit, (ii) draws any order or bill of exchange, (iii) makes any acceptance, (iv) assigns any note, bond, draft, bill of exchange, mortgage, judgment, decree or other instrument in writing, or (v) makes any false entry in any book, report or statement of such trust subsidiary with intent in any case to injure or defraud the trust subsidiary, or any other individual or entity, or to deceive any officer of the trust subsidiary or the Commission, or any agent or examiner authorized to examine the affairs of the trust subsidiary, and any person, who, with like intent, aids or abets any such officer, director, agent or employee of such trust subsidiary in any act described in clauses (i) through (v), is guilty of a Class 5 felony.C\n\nAny officer of a trust subsidiary who knowingly makes a false statement of the condition of any trust subsidiary is guilty of a Class 5 felony.","order_by":null,"text":{"0":{"id":206976,"text":"Any officer, director, agent, or employee of any trust subsidiary who embezzles, abstracts, or willfully misapplies any of the moneys, funds or credits of, or in the possession or control of the trust subsidiary is guilty of larceny and subject to the penalties provided in &#xA7; 18.2-95 or 18.2-96.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":206977,"text":"Any officer, director, agent or employee of any trust subsidiary who (i) issues or puts forth any certificate of deposit, (ii) draws any order or bill of exchange, (iii) makes any acceptance, (iv) assigns any note, bond, draft, bill of exchange, mortgage, judgment, decree or other instrument in writing, or (v) makes any false entry in any book, report or statement of such trust subsidiary with intent in any case to injure or defraud the trust subsidiary, or any other individual or entity, or to deceive any officer of the trust subsidiary or the Commission, or any agent or examiner authorized to examine the affairs of the trust subsidiary, and any person, who, with like intent, aids or abets any such officer, director, agent or employee of such trust subsidiary in any act described in clauses (i) through (v), is guilty of a Class 5 felony.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":206978,"text":"Any officer of a trust subsidiary who knowingly makes a false statement of the condition of any trust subsidiary is guilty of a Class 5 felony.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B"}},"ancestry":[{"id":13108,"edition_id":1,"name":"Trust Subsidiaries","identifier":"3","label":"article","depth":4,"order_by":1,"parent_id":13001,"metadata":{},"date_created":"2026-06-26 03:44:17","date_modified":"2026-06-26 03:44:17","permalink":{"id":263881,"object_type":"structure","relational_id":13108,"identifier":"3","token":"6.2\/II\/10\/3","url":"\/6.2\/II\/10\/3\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13001,"edition_id":1,"name":"Entities Conducting Trust Business","identifier":"10","label":"chapter","depth":3,"order_by":1,"parent_id":13000,"metadata":{},"date_created":"2026-06-26 03:44:07","date_modified":"2026-06-26 03:44:07","permalink":{"id":263687,"object_type":"structure","relational_id":13001,"identifier":"10","token":"6.2\/II\/10","url":"\/6.2\/II\/10\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13000,"edition_id":1,"name":"Depository Institutions and Trust Organizations","identifier":"II","label":"subtitle","depth":2,"order_by":1,"parent_id":12852,"metadata":{},"date_created":"2026-06-26 03:44:07","date_modified":"2026-06-26 03:44:07","permalink":{"id":263685,"object_type":"structure","relational_id":13000,"identifier":"II","token":"6.2\/II","url":"\/6.2\/II\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12852,"edition_id":1,"name":"Financial Institutions and Services","identifier":"6.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:56","date_modified":"2026-06-26 03:43:56","permalink":{"id":263249,"object_type":"structure","relational_id":12852,"identifier":"6.2","token":"6.2","url":"\/6.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":65489,"structure_id":13108,"section_number":"6.2-1047","catch_line":"Definitions","url":"\/6.2-1047\/","token":"6.2\/II\/10\/3\/6.2-1047","metadata":false},{"id":70269,"structure_id":13108,"section_number":"6.2-1048","catch_line":"Organization of subsidiary trust companies","url":"\/6.2-1048\/","token":"6.2\/II\/10\/3\/6.2-1048","metadata":false},{"id":70720,"structure_id":13108,"section_number":"6.2-1049","catch_line":"Permissible business","url":"\/6.2-1049\/","token":"6.2\/II\/10\/3\/6.2-1049","metadata":false},{"id":80318,"structure_id":13108,"section_number":"6.2-1050","catch_line":"Directors","url":"\/6.2-1050\/","token":"6.2\/II\/10\/3\/6.2-1050","metadata":false},{"id":66973,"structure_id":13108,"section_number":"6.2-1051","catch_line":"Report to Commission of election of director","url":"\/6.2-1051\/","token":"6.2\/II\/10\/3\/6.2-1051","metadata":false},{"id":57130,"structure_id":13108,"section_number":"6.2-1052","catch_line":"Removal of director or officer; appeals; penalty","url":"\/6.2-1052\/","token":"6.2\/II\/10\/3\/6.2-1052","metadata":false},{"id":71808,"structure_id":13108,"section_number":"6.2-1053","catch_line":"Bonds required of officers and employees; blanket bond","url":"\/6.2-1053\/","token":"6.2\/II\/10\/3\/6.2-1053","metadata":false},{"id":59285,"structure_id":13108,"section_number":"6.2-1054","catch_line":"Certificate required","url":"\/6.2-1054\/","token":"6.2\/II\/10\/3\/6.2-1054","metadata":false},{"id":61502,"structure_id":13108,"section_number":"6.2-1055","catch_line":"Trust offices","url":"\/6.2-1055\/","token":"6.2\/II\/10\/3\/6.2-1055","metadata":false},{"id":54145,"structure_id":13108,"section_number":"6.2-1056","catch_line":"When security not required of trust subsidiaries","url":"\/6.2-1056\/","token":"6.2\/II\/10\/3\/6.2-1056","metadata":false},{"id":67776,"structure_id":13108,"section_number":"6.2-1057","catch_line":"Deposits held or received by trust subsidiaries or subsidiary bank with affiliate banks","url":"\/6.2-1057\/","token":"6.2\/II\/10\/3\/6.2-1057","metadata":false},{"id":68595,"structure_id":13108,"section_number":"6.2-1058","catch_line":"Substitution of trust subsidiary as fiduciary","url":"\/6.2-1058\/","token":"6.2\/II\/10\/3\/6.2-1058","metadata":false},{"id":65923,"structure_id":13108,"section_number":"6.2-1059","catch_line":"Substitution of subsidiary bank as fiduciary","url":"\/6.2-1059\/","token":"6.2\/II\/10\/3\/6.2-1059","metadata":false},{"id":58761,"structure_id":13108,"section_number":"6.2-1060","catch_line":"Trust subsidiaries to have same powers and restrictions as bank trust departments","url":"\/6.2-1060\/","token":"6.2\/II\/10\/3\/6.2-1060","metadata":false},{"id":62099,"structure_id":13108,"section_number":"6.2-1061","catch_line":"Reports; investigations and examinations; civil penalties","url":"\/6.2-1061\/","token":"6.2\/II\/10\/3\/6.2-1061","metadata":false},{"id":56552,"structure_id":13108,"section_number":"6.2-1062","catch_line":"Offenses by officer, director, agent or employee of trust subsidiary; penalties","url":"\/6.2-1062\/","token":"6.2\/II\/10\/3\/6.2-1062","metadata":false},{"id":80499,"structure_id":13108,"section_number":"6.2-1063","catch_line":"Officers, directors, agents and employees violating or causing trust subsidiary to violate laws; civil liability not affected","url":"\/6.2-1063\/","token":"6.2\/II\/10\/3\/6.2-1063","metadata":false},{"id":73097,"structure_id":13108,"section_number":"6.2-1064","catch_line":"Civil penalties for violation of Commission's orders","url":"\/6.2-1064\/","token":"6.2\/II\/10\/3\/6.2-1064","metadata":false}],"previous_section":{"id":62099,"structure_id":13108,"section_number":"6.2-1061","catch_line":"Reports; investigations and examinations; civil penalties","url":"\/6.2-1061\/","token":"6.2\/II\/10\/3\/6.2-1061","metadata":false},"next_section":{"id":80499,"structure_id":13108,"section_number":"6.2-1063","catch_line":"Officers, directors, agents and employees violating or causing trust subsidiary to violate laws; civil liability not affected","url":"\/6.2-1063\/","token":"6.2\/II\/10\/3\/6.2-1063","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-1062\/","history_text":"<p>The record of this law\u2019s original creation isn\u2019t available online. It has been modified 3 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1966, chapter 584; in 1974, chapter 665; in 2010, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?101+ful+CHAP0794\">794<\/a>.<\/p>","references":false,"refers_to":[{"id":78364,"section_number":"18.2-95","catch_line":"Grand larceny defined; how punished","order_by":null,"url":"\/18.2-95\/"}],"permalink":{"id":263943,"object_type":"law","relational_id":56552,"identifier":"6.2-1062","token":"6.2\/II\/10\/3\/6.2-1062","url":"\/6.2-1062\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-1062\/","token":"6.2\/II\/10\/3\/6.2-1062","dublin_core":{"Title":"Offenses by officer, director, agent or employee of trust subsidiary; penalties","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-1062","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section id=\"A\"><p><span class=\"prefix-number\">A.<\/span> Any officer, director, agent, or employee of any <span class=\"dictionary\">trust subsidiary<\/span> who embezzles, abstracts, or willfully misapplies any of the moneys, funds or credits of, or in the <span class=\"dictionary\">possession<\/span> or control of the <span class=\"dictionary\">trust subsidiary<\/span> is guilty of <span class=\"dictionary\">larceny<\/span> and subject to the penalties provided in &#xA7; <a class=\"law\" title=\"Grand larceny defined; how punished\" href=\"\/18.2-95\/\">18.2-95<\/a> or <a class=\"law\" title=\"Petit larceny defined; how punished\" href=\"\/18.2-96\/\">18.2-96<\/a>. <a id=\"paragraph-206976\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/6.2-1062\/#A\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"B\"><p><span class=\"prefix-number\">B.<\/span> Any officer, director, agent or employee of any <span class=\"dictionary\">trust subsidiary<\/span> who (i) <span class=\"dictionary\">issues<\/span> or puts forth any certificate of deposit, (ii) draws any <span class=\"dictionary\">order<\/span> or bill of exchange, (iii) makes any acceptance, (iv) assigns any note, <span class=\"dictionary\">bond<\/span>, draft, bill of exchange, mortgage, <span class=\"dictionary\">judgment<\/span>, <span class=\"dictionary\">decree<\/span> or other instrument in writing, or (v) makes any false entry in any book, report or statement of such <span class=\"dictionary\">trust subsidiary<\/span> with <span class=\"dictionary\">intent<\/span> in any case to injure or defraud the <span class=\"dictionary\">trust subsidiary<\/span>, or any other individual or <span class=\"dictionary\">entity<\/span>, or to deceive any officer of the <span class=\"dictionary\">trust subsidiary<\/span> or the <span class=\"dictionary\">Commission<\/span>, or any agent or examiner authorized to examine the affairs of the <span class=\"dictionary\">trust subsidiary<\/span>, and any <span class=\"dictionary\">person<\/span>, who, with like <span class=\"dictionary\">intent<\/span>, aids or abets any such officer, director, agent or employee of such <span class=\"dictionary\">trust subsidiary<\/span> in any act described in clauses (i) through (v), is guilty of a Class 5 <span class=\"dictionary\">felony<\/span>. <a id=\"paragraph-206977\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/6.2-1062\/#B\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"C\"><p><span class=\"prefix-number\">C.<\/span> Any officer of a <span class=\"dictionary\">trust subsidiary<\/span> who knowingly makes a false statement of the condition of any <span class=\"dictionary\">trust subsidiary<\/span> is guilty of a Class 5 <span class=\"dictionary\">felony<\/span>. <a id=\"paragraph-206978\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/6.2-1062\/#C\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nOFFENSES BY OFFICER, DIRECTOR, AGENT OR EMPLOYEE OF TRUST SUBSIDIARY; PENALTIES\n(\u00a7 6.2-1062)\n\nA. Any officer, director, agent, or employee of any trust subsidiary who\nembezzles, abstracts, or willfully misapplies any of the moneys, funds or\ncredits of, or in the possession or control of the trust subsidiary is guilty of\nlarceny and subject to the penalties provided in &#xA7; 18.2-95 or 18.2-96.\n\nB. Any officer, director, agent or employee of any trust subsidiary who (i)\nissues or puts forth any certificate of deposit, (ii) draws any order or bill of\nexchange, (iii) makes any acceptance, (iv) assigns any note, bond, draft, bill\nof exchange, mortgage, judgment, decree or other instrument in writing, or (v)\nmakes any false entry in any book, report or statement of such trust subsidiary\nwith intent in any case to injure or defraud the trust subsidiary, or any other\nindividual or entity, or to deceive any officer of the trust subsidiary or the\nCommission, or any agent or examiner authorized to examine the affairs of the\ntrust subsidiary, and any person, who, with like intent, aids or abets any such\nofficer, director, agent or employee of such trust subsidiary in any act\ndescribed in clauses (i) through (v), is guilty of a Class 5 felony.\n\nC. Any officer of a trust subsidiary who knowingly makes a false statement of\nthe condition of any trust subsidiary is guilty of a Class 5 felony.\n\nHISTORY: Code 1950, \u00a7\u00a7 6-128, 6-138; 1966, c. 584, \u00a7 6.1-122; 1974, c. 665;\n2010, c. 794.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}