Virginia Administrative Code (Last Updated: January 10, 2017) |
Title 10. Finance and Financial Institutions |
Agency 5. State Corporation Commission |
Chapter 22. Trust Company Regulations |
Section 120. Services by affiliate
Latest version.
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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.