                                 CODE OF VIRGINIA

ENGAGING IN TRUST BUSINESS WITHOUT AUTHORITY; COMMISSION MAY EXAMINE ACCOUNTS OF
SUSPECTED PERSON; PENALTY (§ 6.2-1039)

A. Every person who trades or deals as a trust company, or conducts a trust
business, without authority of law, and their officers and agents, is guilty of
a Class 6 felony.

B. The Commission shall have authority to examine the accounts, books, and
papers of any person who it has reason to suspect is doing a trust business, in
order to ascertain whether such person has violated, or is violating, any
provision of this title. The refusal to submit such accounts, books, and papers
shall be prima facie evidence of such violation.

HISTORY: Code 1950, § 6-133; 1966, c. 584, § 6.1-111; 1992, c. 136; 1994, c.
7; 2010, c. 794.