                                 CODE OF VIRGINIA

CUSTODY OF ASSETS AND INVESTMENTS HELD IN TRUST (§ 6.2-1093)

A. The assets and investments of each trust account shall be kept separate from
the assets of the association and shall be placed in the joint custody or
control of not fewer than two of the officers or employees of the association
designated for that purpose by the board of directors of the association. All
such officers and employees shall be adequately bonded.

B. The assets and investments of each trust account shall be either kept
separate from those of all other trust accounts, except as provided in &#xA7;
6.2-1095, or otherwise adequately identified as the property of the relevant
account.

HISTORY: 1984, c. 303, § 6.1-195.90; 2010, c. 794.