                                 CODE OF VIRGINIA

WHEN SECURITY NOT REQUIRED (§ 6.2-1085)

No association with a minimum combined unimpaired capital and surplus of $50,000
or more shall be required by any officer or court of the Commonwealth to give
security upon appointment to or acceptance of any fiduciary office which it may,
by law, be authorized to execute, or to give security upon any bond given
pursuant to § 19.2-386.6 or similar statute. No association shall qualify on an
estate having a value in excess of its combined unimpaired capital and surplus
without giving security for such excess on its bond, unless the giving of such
security is waived under the terms of the governing instrument or by court
order.

HISTORY: 1984, c. 303, § 6.1-195.82; 1993, c. 866; 2010, c. 794; 2012, cc. 283,
756.