                                 CODE OF VIRGINIA

TRUST BUSINESS OF OUT-OF-STATE TRUST INSTITUTION (§ 6.2-1067)

A. An out-of-state trust institution that establishes or maintains one or more
offices in the Commonwealth under this article may conduct any activity at each
such office that would be authorized under the laws of the Commonwealth for a
state trust institution to conduct at such an office.

B. An out-of-state trust institution may engage in a trust business in the
Commonwealth if it (i) maintains (a) a trust office in the Commonwealth as
permitted by this article or (b) a branch in the Commonwealth, or (ii) is a
national bank or federal savings bank, with or without an office or a branch in
the Commonwealth, that is supervised and regulated by the federal Comptroller of
the Currency and is authorized to serve as trustee, as executor, as
administrator, or in another fiduciary capacity pursuant to &#xA7; 92a of the
National Bank Act (12 U.S.C. &#xA7; 21 et seq.) or &#xA7; 5(n) of the Home
Owners&#8217; Loan Act (12 U.S.C. &#xA7; 1461 et seq.).

HISTORY: 1999, c. 835, §§ 6.1-32.34, 6.1-32.35; 2010, c. 794; 2012, c. 608.