{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-1067.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-1067.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-1067.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-1067.html"}],"law_id":71982,"edition_id":1,"section_id":71982,"structure_id":14521,"section_number":"6.2-1067","catch_line":"Trust business of out-of-state trust institution","history":"1999, c. 835, \u00a7\u00a7 6.1-32.34, 6.1-32.35; 2010, c. 794; 2012, c. 608.","full_text":"A\n\nAn out-of-state trust institution that establishes or maintains one or more offices in the Commonwealth under this article may conduct any activity at each such office that would be authorized under the laws of the Commonwealth for a state trust institution to conduct at such an office.B\n\nAn out-of-state trust institution may engage in a trust business in the Commonwealth if it (i) maintains (a) a trust office in the Commonwealth as permitted by this article or (b) a branch in the Commonwealth, or (ii) is a national bank or federal savings bank, with or without an office or a branch in the Commonwealth, that is supervised and regulated by the federal Comptroller of the Currency and is authorized to serve as trustee, as executor, as administrator, or in another fiduciary capacity pursuant to § 92a of the National Bank Act (12 U.S.C. § 21 et seq.) or § 5(n) of the Home Owners’ Loan Act (12 U.S.C. § 1461 et seq.).","order_by":null,"text":{"0":{"id":259375,"text":"An out-of-state trust institution that establishes or maintains one or more offices in the Commonwealth under this article may conduct any activity at each such office that would be authorized under the laws of the Commonwealth for a state trust institution to conduct at such an office.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":259376,"text":"An out-of-state trust institution may engage in a trust business in the Commonwealth if it (i) maintains (a) a trust office in the Commonwealth as permitted by this article or (b) a branch in the Commonwealth, or (ii) is a national bank or federal savings bank, with or without an office or a branch in the Commonwealth, that is supervised and regulated by the federal Comptroller of the Currency and is authorized to serve as trustee, as executor, as administrator, or in another fiduciary capacity pursuant to § 92a of the National Bank Act (12 U.S.C. § 21 et seq.) or § 5(n) of the Home Owners’ Loan Act (12 U.S.C. § 1461 et seq.).","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A"}},"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}],"previous_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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-1067\/","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 2 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 2010, chapter 794<\/a>; in 2012, chapter 608<\/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\/"},{"id":64030,"section_number":"6.2-1014","catch_line":"Certificate required","order_by":null,"url":"\/6.2-1014\/"}],"refers_to":false,"permalink":{"id":263965,"object_type":"law","relational_id":71982,"identifier":"6.2-1067","token":"6.2\/II\/10\/4\/6.2-1067","url":"\/6.2-1067\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-1067\/","token":"6.2\/II\/10\/4\/6.2-1067","dublin_core":{"Title":"Trust business of out-of-state trust institution","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-1067","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> An out-of-state trust institution<\/span><\/span> that establishes or maintains one or more offices<\/span> in the Commonwealth under this article may conduct any activity at each such office<\/span> that would be authorized under the laws<\/span> of the Commonwealth for a state trust institution<\/span> to conduct at such an office<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> An out-of-state trust institution<\/span><\/span> may engage in a trust business<\/span> in the Commonwealth if it (i) maintains (a) a trust office<\/span> in the Commonwealth as permitted by this article or (b) a branch in the Commonwealth, or (ii) is a national bank or federal savings bank, with or without an office or a branch in the Commonwealth, that is supervised and regulated by the federal Comptroller of the Currency and is authorized to serve as trustee, as executor, as administrator, or in another fiduciary capacity pursuant to § 92a of the National Bank Act (12 U.S.C. § 21 et seq.) or § 5(n) of the Home Owners’ Loan Act (12 U.S.C. § 1461 et seq.). <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nTRUST BUSINESS OF OUT-OF-STATE TRUST INSTITUTION (\u00a7 6.2-1067)\n\nA. An out-of-state trust institution that establishes or maintains one or more\noffices in the Commonwealth under this article may conduct any activity at each\nsuch office that would be authorized under the laws of the Commonwealth for a\nstate trust institution to conduct at such an office.\n\nB. An out-of-state trust institution may engage in a trust business in the\nCommonwealth if it (i) maintains (a) a trust office in the Commonwealth as\npermitted by this article or (b) a branch in the Commonwealth, or (ii) is a\nnational bank or federal savings bank, with or without an office or a branch in\nthe Commonwealth, that is supervised and regulated by the federal Comptroller of\nthe Currency and is authorized to serve as trustee, as executor, as\nadministrator, or in another fiduciary capacity pursuant to § 92a of the\nNational Bank Act (12 U.S.C. § 21 et seq.) or § 5(n) of the Home\nOwners’ Loan Act (12 U.S.C. § 1461 et seq.).\n\nHISTORY: 1999, c. 835, \u00a7\u00a7 6.1-32.34, 6.1-32.35; 2010, c. 794; 2012, c. 608.","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}}