Virginia Decodedhttps://vacode.org823436.2-1012Suspension or prohibition of trust institutions2025Financial Institutions and ServicesDepository Institutions and Trust OrganizationsEntities Conducting Trust BusinessTrust Powers and Trust Business

The Commission may prohibit or suspend from engaging in trust business any (i) trust company that fails to comply with any of the provisions of § 6.2-1005, 6.2-1006, or 6.2-1008; (ii) bank doing a trust business that fails to comply with any of the provisions of § 6.2-821, 6.2-1005, 6.2-1006, or 6.2-1008; or (iii) trust subsidiary that fails to comply with the provisions of § 6.2-1006 or 6.2-1008.

Code 1950, § 6-103; 1966, c. 584, § 6.1-32; 1974, c. 665; 2010, c. 794.