Section 120. Services by affiliate  


Latest version.
  • When a service is provided to a trust account by an affiliate of a trust company, the service must be allowed under the terms of the governing instrument, by a court or by law, and must be justified by readily available documents relating to the specific account.

Historical Notes

Derived from VR225-01-0205 § 12, eff. April 20, 1995.

Statutory Authority

§ 6.2-1034 of the Code of Virginia.