                                 CODE OF VIRGINIA

CIVIL PENALTIES FOR VIOLATION OF COMMISSION&#8217;S ORDERS (§ 6.2-1064)

A. The Commission may impose, enter judgment for, and enforce by its process, a
civil penalty not exceeding $10,000 upon any trust subsidiary or against any of
its directors, officers, or employees, who it determines, in proceedings
commenced in accordance with the Commission&#8217;s Rules, has violated any
lawful order of the Commission.

B. The Commission may remove from office any director or officer of a trust
subsidiary for a second or subsequent violation by him of any such order.

C. In all cases the defendant shall have an opportunity to be heard and to
introduce evidence, and the right to appeal as provided by law.

HISTORY: 1968, c. 791, § 6.1-125; 1974, c. 665; 1976, c. 658; 2010, c. 794.