Virginia Decodedhttps://vacode.org707206.2-1049Permissible business2025Financial Institutions and ServicesDepository Institutions and Trust OrganizationsEntities Conducting Trust BusinessTrust Subsidiaries

A trust subsidiary shall be permitted to engage in trust business and activities that may be engaged in by a bank pursuant to § 6.2-1002, and business incidental thereto. A trust subsidiary shall not accept deposits or conduct any other business except as may be incidental to the trust business being conducted by it.

1974, c. 286, § 6.1-32.5; 1997, c. 801; 2010, c. 794.