Virginia § 6.2-1070 - Conditions for approval
Full text of Virginia Code of Virginia § 6.2-1070 — Conditions for approval, with citation guidance and answers to common questions.
§ 6.2-1070. Conditions for approval
A trust office of an out-of-state trust institution shall not be acquired or established under this article unless:
1. In the case of a new trust office, the laws of the home state of the out-of-state trust institution permit state trust institutions to establish and maintain new trust offices in that state under substantially the same terms as set forth in this article.
2. In the case of a trust office to be established through the acquisition of a trust office, the laws of the home state of the out-of-state trust institution permit state trust institutions to establish and maintain trust offices in that state through the acquisition of trust offices under substantially the same terms as set forth in this article.
Frequently Asked Questions About Virginia § 6.2-1070
What does Code of Virginia § 6.2-1070 cover?
Section 6.2-1070 ("Conditions for approval") 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 § 6.2-1070?
A common citation format is "Code of Virginia § 6.2-1070" (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 § 6.2-1070 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.