Code of Virginia § 6.2-1049. Permissible business.
68 words·~1 min read·
/va/title-6-2/chapter-10/6-2-1049·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A trust subsidiary shall be permitted to engage in trust business and activities that may be engaged in by a bank pursuant to § 6.2-1002 , and business incidental thereto. A trust subsidiary shall not accept deposits or conduct any other business except as may be incidental to the trust business being conducted by it.
1974, c. 286, § 6.1-32.5; 1997, c. 801 ; 2010, c. 794 .