                                 CODE OF VIRGINIA

DEFINITIONS (§ 6.2-951)

As used in this article:
		&#8220;Benefits consortium&#8221; means a trust that complies with the
conditions set forth in § 6.2-952.
		&#8220;ERISA&#8221; means the federal Employee Retirement Income Security Act
of 1974 (P.L. 93-406, 88 Stat. 829), as amended.
		&#8220;Sponsoring association&#8221; means an association (i) the members of
which are banks and employers that provide products and services to banks, (ii)
that is incorporated under the Virginia Nonstock Corporation Act (§ 13.1-801 et
seq.), (iii) that operates as a nonprofit entity under § 501(c)(6) of the
Internal Revenue Code of 1986, (iv) that has been in existence for at least 20
years, and (v) that exists for purposes other than arranging for or providing
health and welfare benefits to members. &#8220;Sponsoring association&#8221;
includes any wholly owned subsidiary of a sponsoring association.

HISTORY: 2014, cc. 220, 296.