                                 CODE OF VIRGINIA

UNLAWFUL USE OF TERMS INDICATING THAT BUSINESS IS TRUST COMPANY; PENALTY (§
6.2-1040)

A. A person not authorized to engage in the trust business in the Commonwealth
by the provisions of this title or under the laws of the United States, shall
not (i) use any office sign having thereon any name or other words indicating
that any such office is the office of a trust company; (ii) use or circulate any
letterheads, billheads, blank notes, blank receipts, certificates, circulars or
any written or printed paper, having thereon any name or word indicating that
such person is a trust company; or (iii) use the word &#8220;trust&#8221; or the
equivalent thereof in any foreign language, or the plural thereof in connection
with any business other than a trust business.

B. The foregoing prohibitions shall not apply to use by a trust company holding
company of the word &#8220;trust&#8221; or the equivalent thereof in its name,
or of a name similar to that of a subsidiary trust company of such trust company
holding company.

C. The use of the above-mentioned words in the name of, or in connection with,
any other business shall not be prohibited if the context or remaining words
show clearly and definitely that the business is not a trust company, and is not
carrying on a trust business.

D. Any person violating the provisions of this section, either individually or
as an interested party, is guilty of a Class 6 felony.

HISTORY: Code 1950, § 6-134; 1966, c. 584, § 6.1-112; 1972, c. 187; 1992, cc.
24, 136; 2000, c. 56; 2003, c. 592; 2010, c. 794.