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Va. Code § 6.2-1049

Permissible business

Virginia · Code of Virginia Title 6.2 — Financial Institutions and Services · Status: effective

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Va. Code § 6.2-1049, Permissible business, Virginia, version 1 as recorded 2026-09-27, yourstate.us, https://yourstate.us/provision/1397007
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A trust subsidiary shall be permitted to engage in trust business and activities that may be engaged in by a bank pursuant to § 6.2-1002 , and business incidental thereto. A trust subsidiary shall not accept deposits or conduct any other business except as may be incidental to the trust business being conducted by it.