Va. Code § 6.2-1054
Current with changes from the 2024 legislative session through ch. 845
No trust subsidiary, other than a wholly owned subsidiary of a national banking association, shall engage in trust business without first obtaining a certificate of authority from the Commission, or the Comptroller of the Currency if it is organized as a national banking association. The Commission shall not grant such certificate unless:
Va. Code § 6.2-1054