                                 CODE OF VIRGINIA

REACQUISITION OF SHARES OR INTERESTS; DIVIDENDS (§ 6.2-1077)

A private trust company shall not purchase, redeem, or otherwise reacquire
shares of stock or membership interests that the private trust company has
issued, or declare a dividend or other distribution to its stockholders,
members, or holders of equity interests, to the extent that such purchase,
redemption, reacquisition, dividend, or distribution shall cause the private
trust company&#8217;s paid-in capital, retained surplus and reserves to be
reduced below $500,000.

HISTORY: 2003, c. 910, § 6.1-32.30:4; 2010, c. 794.