Virginia Code 6.2-1037: Effect of surrender or revocation of certificate
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If a trust company surrenders its certificate or its certificate is revoked, the trust company, its assets, and the assets it holds in trust shall nevertheless continue to be subject to the provisions of this article, including the provisions of § 6.2-1036.
Terms Used In Virginia Code 6.2-1037
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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
1993, c. 432, § 6.1-32.29; 2010, c. 794.