SEARCH SITE

VIRGINIA LAW PORTAL

SEARCHABLE DATABASES

ACROSS SESSIONS

Developed and maintained by the Division of Legislative Automated Systems.

2003 SESSION

  • | print version

HB 2748 Private Trust Company Act.

Introduced by: Terrie L. Suit | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Private Trust Company Act. Establishes criteria under which a private trust company may obtain authorization to engage in the private trust business in Virginia. A private trust company is a corporation or limited liability company authorized by the State Corporation Commission to perform the duties of a fiduciary for members of the family that created the private trust company, but not for members of the general public. The private trust company may act as a trustee of family trusts and as executor of a deceased family member.


FULL TEXT

HISTORY