Va. Code § 6.2-1020

Current with changes from the 2024 legislative session through ch. 845

Section 6.2-1020 - Certain transactions by affiliated trust companies prohibited

An affiliated trust company shall not:

1. During the underwriting period, purchase from an affiliated broker-dealer, for any trust account or for its own account, any security that is being underwritten by that broker-dealer; or

2. Purchase for any trust account or for its own account any security that is issued by a company that owns five percent or more of the capital stock of, or is affiliated with, the affiliated trust company.

Va. Code § 6.2-1020

1994, c. 524, § 6.1-32.14:2; 1995, c. 140; 2010, c. 794.

Amended by Acts 2010, § c. 794.

Amended by Acts 1995, § c. 140.

Amended by Acts 1994, § c. 524, § 6.1-32.14:2.