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Code of Virginia (Last Updated:July 28, 2020) |
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TITLE 6.2. Financial Institutions and Services |
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SUBTITLE II. Depository Institutions and Trust Organizations |
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CHAPTER 10. Entities Conducting Trust Business |
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ARTICLE 2. Trust Companies |
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SECTION 6.2-1018. Minimum capital; state of incorporation; form of entity |
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A certificate shall not be issued under § 6.2-1017 to an applicant: 1. Unless it meets the minimum capital requirement for a trust company prescribed by § 6.2-1017 ; and 2. That is not a corporation organized under the laws of the Commonwealth. 1993, c. 432, §§ 6.1-32.15, 6.1-32.16; 1994, c. 6.2-1017 ; 2010, c. 6.2-1017 . |