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Virginia Code > Title 6.2 > Chapter 10 > § 6.2-1060 - Trust subsidiaries to have same powers and restrictions as bank trust departments.

§ 6.2-1060. Trust subsidiaries to have same powers and restrictions as bank trust departments.

Wherever there is granted to or imposed upon a bank having and exercising trust powers any further powers in the nature of trust powers or any restriction upon any such powers, whether under this title or otherwise, it is intended that such grant to or restriction upon a bank in its trust powers shall be equally applicable to a trust subsidiary, unless context shall otherwise require or unless this chapter or Chapter 8 (§ 6.2-800 et seq.) specifically covers such situation or provides otherwise.

(1974, c. 286, § 6.1-32.10; 2010, c. 794.)

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Virginia Laws: Trusts

Virginia Code Title 6.2 > Chapter 10 - Entities Conducting Trust Business

Virginia Code Title 26 - Fiduciaries Generally

Virginia Code Title 55 > Chapter 2.1 - Uniform Custodial Trust Act

Virginia Code Title 55 > Chapter 31 - Uniform Trust Code

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