Virginia Decodedhttps://vacode.org811136.2-1079Directors or managers2025Financial Institutions and ServicesDepository Institutions and Trust OrganizationsEntities Conducting Trust BusinessPrivate Trust Companies

The affairs of every private trust company shall be directed by a board of directors if a corporation, or managers if a limited liability company, consisting of not less than five nor more than 25 persons. At least one director or manager shall be a citizen of the Commonwealth.

2003, c. 910, § 6.1-32.30:6; 2010, c. 794.