{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-1068.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-1068.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-1068.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-1068.html"}],"law_id":68279,"edition_id":1,"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","history":"1999, c. 835, \u00a7\u00a7 6.1-32.36, 6.1-32.37, 6.1-32.42, 6.1-32.44; 2010, c. 794.","full_text":"A\n\nAn out-of-state trust institution that does not already maintain a trust office in the Commonwealth and that meets the requirements of this article may:1\n\nEstablish and maintain a new trust office in the Commonwealth; or2\n\nAcquire and maintain a trust office in the Commonwealth.B\n\nAn out-of-state trust institution that maintains a trust office in the Commonwealth under this article may establish or acquire additional trust offices in the Commonwealth to the same extent that a state trust institution may establish or acquire additional offices in the Commonwealth, provided it follows the procedures for establishing or acquiring such offices set forth in this article.C\n\nAn out-of-state trust institution that maintains an office in the Commonwealth under this article shall give at least 30 days’ prior written notice, or in the case of an emergency transaction, such shorter notice as is consistent with applicable state or federal law, to the Commission of any merger, consolidation, or other transaction involving the trust institution that would cause any trust office operated by the institution in this state to be maintained by another trust institution or cause the operation of such an office to cease.","order_by":null,"text":{"0":{"id":247023,"text":"An out-of-state trust institution that does not already maintain a trust office in the Commonwealth and that meets the requirements of this article may:","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"A1"},"1":{"id":247024,"text":"Establish and maintain a new trust office in the Commonwealth; or","type":"section","prefixes":["A","1"],"prefix":"1","entire_prefix":"A1","prefix_anchor":"A1","level":2,"prior_prefix":"A","next_prefix":"A2"},"2":{"id":247025,"text":"Acquire and maintain a trust office in the Commonwealth.","type":"section","prefixes":["A","2"],"prefix":"2","entire_prefix":"A2","prefix_anchor":"A2","level":2,"prior_prefix":"A1","next_prefix":"B"},"3":{"id":247026,"text":"An out-of-state trust institution that maintains a trust office in the Commonwealth under this article may establish or acquire additional trust offices in the Commonwealth to the same extent that a state trust institution may establish or acquire additional offices in the Commonwealth, provided it follows the procedures for establishing or acquiring such offices set forth in this article.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A2","next_prefix":"C"},"4":{"id":247027,"text":"An out-of-state trust institution that maintains an office in the Commonwealth under this article shall give at least 30 days’ prior written notice, or in the case of an emergency transaction, such shorter notice as is consistent with applicable state or federal law, to the Commission of any merger, consolidation, or other transaction involving the trust institution that would cause any trust office operated by the institution in this state to be maintained by another trust institution or cause the operation of such an office to cease.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B"}},"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":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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-1068\/","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":false,"refers_to":false,"permalink":{"id":263969,"object_type":"law","relational_id":68279,"identifier":"6.2-1068","token":"6.2\/II\/10\/4\/6.2-1068","url":"\/6.2-1068\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-1068\/","token":"6.2\/II\/10\/4\/6.2-1068","dublin_core":{"Title":"Establishing or acquiring an interstate trust office; additional trust offices; notice of closure","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-1068","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> An out-of-state trust institution<\/span><\/span> that does not already maintain a trust office<\/span> in the Commonwealth and that meets the requirements of this article may: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> Establish and maintain a new trust office<\/span> in the Commonwealth; or <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Acquire and maintain a trust office in the Commonwealth. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> An out-of-state trust institution<\/span><\/span> that maintains a trust office in the Commonwealth under this article may establish or acquire additional trust offices<\/span> in the Commonwealth to the same extent that a state trust institution<\/span> may establish or acquire additional offices in the Commonwealth, provided it follows the procedures for establishing or acquiring such offices set forth in this article. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> An out-of-state trust institution<\/span><\/span> that maintains an office in the Commonwealth under this article shall give at least 30 days’ prior written notice, or in the case of an emergency transaction, such shorter notice as is consistent with applicable state or federal law<\/span>, to the Commission<\/span> of any merger, consolidation<\/span>, or other transaction involving the trust institution that would cause any trust office operated by the institution in this state to be maintained by another trust institution or cause the operation of such an office to cease. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nESTABLISHING OR ACQUIRING AN INTERSTATE TRUST OFFICE; ADDITIONAL TRUST OFFICES;\nNOTICE OF CLOSURE (\u00a7 6.2-1068)\n\nA. An out-of-state trust institution that does not already maintain a trust\noffice in the Commonwealth and that meets the requirements of this article may:\n\n 1. Establish and maintain a new trust office in the Commonwealth; or\n\n 2. Acquire and maintain a trust office in the Commonwealth.\n\nB. An out-of-state trust institution that maintains a trust office in the\nCommonwealth under this article may establish or acquire additional trust\noffices in the Commonwealth to the same extent that a state trust institution\nmay establish or acquire additional offices in the Commonwealth, provided it\nfollows the procedures for establishing or acquiring such offices set forth in\nthis article.\n\nC. An out-of-state trust institution that maintains an office in the\nCommonwealth under this article shall give at least 30 days’ prior written\nnotice, or in the case of an emergency transaction, such shorter notice as is\nconsistent with applicable state or federal law, to the Commission of any\nmerger, consolidation, or other transaction involving the trust institution that\nwould cause any trust office operated by the institution in this state to be\nmaintained by another trust institution or cause the operation of such an office\nto cease.\n\nHISTORY: 1999, c. 835, \u00a7\u00a7 6.1-32.36, 6.1-32.37, 6.1-32.42, 6.1-32.44; 2010, c.\n794.","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}}