Virginia Code 6.2-1033: Fees
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A. In order to defray the costs of their examination, supervision, and regulation, every trust company shall pay a fee of $330 per day per examiner during examinations.
Terms Used In Virginia Code 6.2-1033
- Commission: means the State Corporation Commission. See Virginia Code 6.2-100
- Principal: means any person who, directly or indirectly, owns or controls (i) 10 percent or more of the outstanding stock of a stock corporation or (ii) a 10 percent or greater interest in a nonstock corporation or a limited liability company. See Virginia Code 6.2-1013
- Trust company: means a corporation, including an affiliated trust company, that is authorized to engage in the trust business under Article 2 (§ 6. See Virginia Code 6.2-1000
- Trust company holding company: means a corporation that controls a trust company. See Virginia Code 6.2-1000
B. Each trust company and each trust company holding company shall also pay to the Commission:
1. Such additional or special costs as the Commission may incur in connection with its examination;
2. For investigating an application for authority to establish a branch office pursuant to § 6.2-1028, a fee of $1,800;
3. For investigating an application to change the location of a principal office or branch office, a fee of $1,000; and
4. For investigating an application made pursuant to § 6.2-1023, a fee of $7,000.
1993, c. 432, § 6.1-32.25; 1994, c. 6; 1995, c. 140; 2010, c. 794.