{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-1065.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-1065.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-1065.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-1065.html"}],"law_id":70604,"edition_id":1,"section_id":70604,"structure_id":14521,"section_number":"6.2-1065","catch_line":"Definitions","history":"1999, c. 835, \u00a7 6.1-32.32; 2010, c. 794.","full_text":"As used in this article, unless the context requires a different meaning:\n\t\t“Acquisition of a trust office” means the acquisition of a trust office located in a host state, without acquiring the trust institution of such office.\n\t\t“Bank” has the meaning assigned to it in 12 U.S.C. \u00a7 1813 (a)(1) of the Federal Deposit Insurance Company Act of 1956 (12 U.S.C. \u00a7 1811 et seq.), as amended.\n\t\t“Bank supervisory agency” means: (i) any agency of another state with primary responsibility for chartering and supervising a trust institution and (ii) the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, or the Board of Governors of the Federal Reserve System and any successor to these agencies.\n\t\t“Home state” means (i) with respect to a federally chartered trust institution, the state where such institution maintains its principal office and (ii) with respect to any other trust institution, the state that chartered such institution.\n\t\t“Home state regulator” means the bank supervisory agency with primary responsibility for chartering and supervising an out-of-state trust institution.\n\t\t“Host state” means a state, other than the home state of a trust institution, in which the trust institution maintains or seeks to acquire or establish an office.\n\t\t“New trust office” means a trust office located in a host state that (i) is originally established by the trust institution as a trust office and (ii) does not become a trust office of the trust institution as a result of (a) the acquisition of another trust institution or trust office of another trust institution or (b) a merger, consolidation, or conversion involving any such trust institution or trust office.\n\t\t“Office” with respect to a trust institution means the principal office or a trust office, but not a branch.\n\t\t“Out-of-state bank” means a bank chartered to act as a fiduciary whose home state is a state other than the Commonwealth.\n\t\t“Out-of-state trust company” means a trust company or trust subsidiary whose home state is a state other than the Commonwealth.\n\t\t“Out-of-state trust institution” means a trust institution whose home state is a state other than the Commonwealth.\n\t\t“Principal office” with respect to (i) a state trust company, means a location designated by such trust company as its main office pursuant to \u00a7 6.2-1028 or 6.2-1047 or (ii) a trust institution other than a state trust company, means its principal place of business in the United States.\n\t\t“State bank” or “Virginia state bank” means a bank chartered under the laws of the Commonwealth and permitted to engage in the trust business pursuant to \u00a7 6.2-819.\n\t\t“State trust company” means a corporation organized or reorganized as a trust company under Article 2 (\u00a7 6.2-1013 et seq.) or Article 3 (\u00a7 6.2-1047 et seq.) of this chapter.\n\t\t“State trust institution” means a trust institution having its principal office in the Commonwealth.\n\t\t“Trust company” means a state trust company or any other entity chartered to act as a fiduciary that is not a bank.\n\t\t“Trust institution” means a bank or trust company chartered by a state bank supervisory agency or by the Office of the Comptroller of Currency.\n\t\t“Trust office” means an office at which a trust institution engages in a trust business and not in the banking business.","order_by":null,"text":{"0":{"id":254742,"text":"As used in this article, unless the context requires a different meaning:\n\t\t“Acquisition of a trust office” means the acquisition of a trust office located in a host state, without acquiring the trust institution of such office.\n\t\t“Bank” has the meaning assigned to it in 12 U.S.C. \u00a7 1813 (a)(1) of the Federal Deposit Insurance Company Act of 1956 (12 U.S.C. \u00a7 1811 et seq.), as amended.\n\t\t“Bank supervisory agency” means: (i) any agency of another state with primary responsibility for chartering and supervising a trust institution and (ii) the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, or the Board of Governors of the Federal Reserve System and any successor to these agencies.\n\t\t“Home state” means (i) with respect to a federally chartered trust institution, the state where such institution maintains its principal office and (ii) with respect to any other trust institution, the state that chartered such institution.\n\t\t“Home state regulator” means the bank supervisory agency with primary responsibility for chartering and supervising an out-of-state trust institution.\n\t\t“Host state” means a state, other than the home state of a trust institution, in which the trust institution maintains or seeks to acquire or establish an office.\n\t\t“New trust office” means a trust office located in a host state that (i) is originally established by the trust institution as a trust office and (ii) does not become a trust office of the trust institution as a result of (a) the acquisition of another trust institution or trust office of another trust institution or (b) a merger, consolidation, or conversion involving any such trust institution or trust office.\n\t\t“Office” with respect to a trust institution means the principal office or a trust office, but not a branch.\n\t\t“Out-of-state bank” means a bank chartered to act as a fiduciary whose home state is a state other than the Commonwealth.\n\t\t“Out-of-state trust company” means a trust company or trust subsidiary whose home state is a state other than the Commonwealth.\n\t\t“Out-of-state trust institution” means a trust institution whose home state is a state other than the Commonwealth.\n\t\t“Principal office” with respect to (i) a state trust company, means a location designated by such trust company as its main office pursuant to \u00a7 6.2-1028 or 6.2-1047 or (ii) a trust institution other than a state trust company, means its principal place of business in the United States.\n\t\t“State bank” or “Virginia state bank” means a bank chartered under the laws of the Commonwealth and permitted to engage in the trust business pursuant to \u00a7 6.2-819.\n\t\t“State trust company” means a corporation organized or reorganized as a trust company under Article 2 (\u00a7 6.2-1013 et seq.) or Article 3 (\u00a7 6.2-1047 et seq.) of this chapter.\n\t\t“State trust institution” means a trust institution having its principal office in the Commonwealth.\n\t\t“Trust company” means a state trust company or any other entity chartered to act as a fiduciary that is not a bank.\n\t\t“Trust institution” means a bank or trust company chartered by a state bank supervisory agency or by the Office of the Comptroller of Currency.\n\t\t“Trust office” means an office at which a trust institution engages in a trust business and not in the banking business.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14521,"edition_id":1,"name":"Multistate Trust Institutions","identifier":"4","label":"article","depth":4,"order_by":1,"parent_id":13001,"metadata":{},"date_created":"2026-06-26 03:48:30","date_modified":"2026-06-26 03:48:30","permalink":{"id":263955,"object_type":"structure","relational_id":14521,"identifier":"4","token":"6.2\/II\/10\/4","url":"\/6.2\/II\/10\/4\/","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":70604,"structure_id":14521,"section_number":"6.2-1065","catch_line":"Definitions","url":"\/6.2-1065\/","token":"6.2\/II\/10\/4\/6.2-1065","metadata":false},{"id":55953,"structure_id":14521,"section_number":"6.2-1066","catch_line":"Interstate trust offices by Virginia state banks","url":"\/6.2-1066\/","token":"6.2\/II\/10\/4\/6.2-1066","metadata":false},{"id":71982,"structure_id":14521,"section_number":"6.2-1067","catch_line":"Trust business of out-of-state trust institution","url":"\/6.2-1067\/","token":"6.2\/II\/10\/4\/6.2-1067","metadata":false},{"id":68279,"structure_id":14521,"section_number":"6.2-1068","catch_line":"Establishing or acquiring an interstate trust office; additional trust offices; notice of closure","url":"\/6.2-1068\/","token":"6.2\/II\/10\/4\/6.2-1068","metadata":false},{"id":62968,"structure_id":14521,"section_number":"6.2-1069","catch_line":"Filing requirements","url":"\/6.2-1069\/","token":"6.2\/II\/10\/4\/6.2-1069","metadata":false},{"id":58476,"structure_id":14521,"section_number":"6.2-1070","catch_line":"Conditions for approval","url":"\/6.2-1070\/","token":"6.2\/II\/10\/4\/6.2-1070","metadata":false},{"id":60106,"structure_id":14521,"section_number":"6.2-1071","catch_line":"Examinations; periodic reports; cooperative agreements; assessment of fees","url":"\/6.2-1071\/","token":"6.2\/II\/10\/4\/6.2-1071","metadata":false},{"id":67227,"structure_id":14521,"section_number":"6.2-1072","catch_line":"Enforcement","url":"\/6.2-1072\/","token":"6.2\/II\/10\/4\/6.2-1072","metadata":false},{"id":70817,"structure_id":14521,"section_number":"6.2-1073","catch_line":"Regulations; fees","url":"\/6.2-1073\/","token":"6.2\/II\/10\/4\/6.2-1073","metadata":false}],"next_section":{"id":55953,"structure_id":14521,"section_number":"6.2-1066","catch_line":"Interstate trust offices by Virginia state banks","url":"\/6.2-1066\/","token":"6.2\/II\/10\/4\/6.2-1066","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-1065\/","history_text":"

This law was first created in 1999. The record of its establishment is cataloged in chapter 835<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. It has been modified 1 time. 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. That modification is as follows: in 2010, chapter 794<\/a>.<\/p>","references":[{"id":62570,"section_number":"6.2-1001","catch_line":"Entities authorized to engage in trust business","order_by":null,"url":"\/6.2-1001\/"}],"refers_to":[{"id":64748,"section_number":"6.2-1013","catch_line":"Definitions","order_by":null,"url":"\/6.2-1013\/"},{"id":70732,"section_number":"6.2-1028","catch_line":"Offices","order_by":null,"url":"\/6.2-1028\/"},{"id":65489,"section_number":"6.2-1047","catch_line":"Definitions","order_by":null,"url":"\/6.2-1047\/"},{"id":85620,"section_number":"6.2-819","catch_line":"Authority to engage in trust business; permission of Commission required","order_by":null,"url":"\/6.2-819\/"}],"permalink":{"id":263957,"object_type":"law","relational_id":70604,"identifier":"6.2-1065","token":"6.2\/II\/10\/4\/6.2-1065","url":"\/6.2-1065\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-1065\/","token":"6.2\/II\/10\/4\/6.2-1065","dublin_core":{"Title":"Definitions","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-1065","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

As used in this article, unless the context requires a different meaning:\n\t\t“Acquisition of a trust office<\/span>” means the acquisition of a trust office<\/span> located in a host state<\/span>, without acquiring the trust institution of such office.\n\t\t“Bank” has the meaning assigned to it in 12 U.S.C. \u00a7 1813 (a)(1) of the Federal Deposit Insurance Company Act of 1956 (12 U.S.C. \u00a7 1811 et seq.), as amended.\n\t\t“Bank supervisory agency” means: (i) any agency of another state with primary responsibility for chartering and supervising a trust institution and (ii) the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, or the Board of Governors of the Federal Reserve System and any successor to these agencies.\n\t\t“Home state” means (i) with respect to a federally chartered trust institution, the state where such institution maintains its principal office<\/span> and (ii) with respect to any other trust institution, the state that chartered such institution.\n\t\t“Home state regulator<\/span>” means the bank supervisory agency with primary responsibility for chartering and supervising an out-of-state trust institution<\/span><\/span>.\n\t\t“Host state<\/span>” means a state, other than the home state of a trust institution, in which the trust institution maintains or seeks to acquire or establish an office.\n\t\t“New trust office<\/span>” means a trust office located in a host state<\/span> that (i) is originally established by the trust institution as a trust office and (ii) does not become a trust office of the trust institution as a result of (a) the acquisition of another trust institution or trust office of another trust institution or (b) a merger, consolidation<\/span>, or conversion involving any such trust institution or trust office.\n\t\t“Office” with respect to a trust institution means the principal office<\/span> or a trust office, but not a branch.\n\t\t“Out-of-state bank<\/span>” means a bank chartered to act as a fiduciary whose home state is a state other than the Commonwealth.\n\t\t“Out-of-state trust company<\/span><\/span>” means a trust company or trust subsidiary<\/span> whose home state is a state other than the Commonwealth.\n\t\t“Out-of-state trust institution<\/span><\/span>” means a trust institution whose home state is a state other than the Commonwealth.\n\t\t“Principal office<\/span>” with respect to (i) a state trust company<\/span>, means a location designated by such trust company as its main office pursuant to \u00a7 6.2-1028<\/a> or 6.2-1047<\/a> or (ii) a trust institution other than a state trust company<\/span>, means its principal place of business in the United States.\n\t\t“State bank” or “Virginia state bank<\/span>” means a bank chartered under the laws<\/span> of the Commonwealth and permitted to engage in the trust business<\/span> pursuant to \u00a7 6.2-819<\/a>.\n\t\t“State trust company<\/span>” means a corporation organized or reorganized as a trust company under Article 2 (\u00a7 6.2-1013<\/a> et seq.) or Article 3 (\u00a7 6.2-1047<\/a> et seq.) of this chapter.\n\t\t“State trust institution<\/span>” means a trust institution having its principal office<\/span> in the Commonwealth.\n\t\t“Trust company” means a state trust company<\/span> or any other entity<\/span> chartered to act as a fiduciary that is not a bank.\n\t\t“Trust institution” means a bank or trust company chartered by a state bank supervisory agency or by the Office of the Comptroller of Currency.\n\t\t“Trust office” means an office at which a trust institution engages in a trust business<\/span> and not in the banking business.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDEFINITIONS (\u00a7 6.2-1065)\n\nAs used in this article, unless the context requires a different meaning:\n\t\t“Acquisition of a trust office” means the acquisition of a trust\noffice located in a host state, without acquiring the trust institution of such\noffice.\n\t\t“Bank” has the meaning assigned to it in 12 U.S.C. \u00a7 1813 (a)(1)\nof the Federal Deposit Insurance Company Act of 1956 (12 U.S.C. \u00a7 1811 et\nseq.), as amended.\n\t\t“Bank supervisory agency” means: (i) any agency of another state\nwith primary responsibility for chartering and supervising a trust institution\nand (ii) the Office of the Comptroller of the Currency, the Federal Deposit\nInsurance Corporation, or the Board of Governors of the Federal Reserve System\nand any successor to these agencies.\n\t\t“Home state” means (i) with respect to a federally chartered trust\ninstitution, the state where such institution maintains its principal office and\n(ii) with respect to any other trust institution, the state that chartered such\ninstitution.\n\t\t“Home state regulator” means the bank supervisory agency with\nprimary responsibility for chartering and supervising an out-of-state trust\ninstitution.\n\t\t“Host state” means a state, other than the home state of a trust\ninstitution, in which the trust institution maintains or seeks to acquire or\nestablish an office.\n\t\t“New trust office” means a trust office located in a host state\nthat (i) is originally established by the trust institution as a trust office\nand (ii) does not become a trust office of the trust institution as a result of\n(a) the acquisition of another trust institution or trust office of another\ntrust institution or (b) a merger, consolidation, or conversion involving any\nsuch trust institution or trust office.\n\t\t“Office” with respect to a trust institution means the principal\noffice or a trust office, but not a branch.\n\t\t“Out-of-state bank” means a bank chartered to act as a fiduciary\nwhose home state is a state other than the Commonwealth.\n\t\t“Out-of-state trust company” means a trust company or trust\nsubsidiary whose home state is a state other than the Commonwealth.\n\t\t“Out-of-state trust institution” means a trust institution whose\nhome state is a state other than the Commonwealth.\n\t\t“Principal office” with respect to (i) a state trust company,\nmeans a location designated by such trust company as its main office pursuant to\n\u00a7 6.2-1028 or 6.2-1047 or (ii) a trust institution other than a state trust\ncompany, means its principal place of business in the United States.\n\t\t“State bank” or “Virginia state bank” means a bank\nchartered under the laws of the Commonwealth and permitted to engage in the\ntrust business pursuant to \u00a7 6.2-819.\n\t\t“State trust company” means a corporation organized or reorganized\nas a trust company under Article 2 (\u00a7 6.2-1013 et seq.) or Article 3 (\u00a7\n6.2-1047 et seq.) of this chapter.\n\t\t“State trust institution” means a trust institution having its\nprincipal office in the Commonwealth.\n\t\t“Trust company” means a state trust company or any other entity\nchartered to act as a fiduciary that is not a bank.\n\t\t“Trust institution” means a bank or trust company chartered by a\nstate bank supervisory agency or by the Office of the Comptroller of Currency.\n\t\t“Trust office” means an office at which a trust institution\nengages in a trust business and not in the banking business.\n\nHISTORY: 1999, c. 835, \u00a7 6.1-32.32; 2010, 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}}