SECTION 6.2-1076. Operation and powers  

Every private trust company shall have and shall conduct its business in accordance with an operating plan and in accordance with generally accepted fiduciary standards. A private trust company when engaging in a private trust business shall have the same rights, powers, and privileges as a trust institution pursuant to § 6.2-1002 , including the power to act as executor under the last will and testament or administrator of the estate of any deceased family member.

2003, c. 6.2-1002 , § 6.1-32.30:3; 2010, c. 6.2-1002 .