Virginia § 6.2-1068 - Establishing or acquiring an interstate trust office; additional trust offices; notice of closure
Full text of Virginia Code of Virginia § 6.2-1068 — Establishing or acquiring an interstate trust office; additional trust offices; notice of closure, with citation guidance and answers to common questions.
§ 6.2-1068. Establishing or acquiring an interstate trust office; additional trust offices; notice of closure
A. An out-of-state trust institution that does not already maintain a trust office in the Commonwealth and that meets the requirements of this article may:
1. Establish and maintain a new trust office in the Commonwealth; or
2. Acquire and maintain a trust office in the Commonwealth.
B. An out-of-state trust institution that maintains a trust office in the Commonwealth under this article may establish or acquire additional trust offices in the Commonwealth to the same extent that a state trust institution may establish or acquire additional offices in the Commonwealth, provided it follows the procedures for establishing or acquiring such offices set forth in this article.
C. An out-of-state trust institution that maintains an office in the Commonwealth under this article shall give at least 30 days' prior written notice, or in the case of an emergency transaction, such shorter notice as is consistent with applicable state or federal law, to the Commission of any merger, consolidation, or other transaction involving the trust institution that would cause any trust office operated by the institution in this state to be maintained by another trust institution or cause the operation of such an office to cease.
1999, c. 835, §§ 6.1-32.36, 6.1-32.37, 6.1-32.42, 6.1-32.44; 2010, c. 794.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 6.2-1068
What does Code of Virginia § 6.2-1068 cover?
Section 6.2-1068 ("Establishing or acquiring an interstate trust office; additional trust offices; notice of closure") is part of the Code of Virginia, the codified statutory law of Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Virginia § 6.2-1068?
A common citation format is "Code of Virginia § 6.2-1068" (Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 6.2-1068 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Virginia.