Section 70. Loans to certain persons prohibited

Latest version.

A trust company shall not make loans or otherwise extend its capital funds to an officer, director, or employee of the trust company, its holding company, and its affiliates.

Historical Notes

Derived from VR225-01-0205 § 7, eff. April 20, 1995.

Statutory Authority

§ 6.2-1034 of the Code of Virginia.

                    
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