Virginia Statutes
§ 6.2-1039 — Engaging in trust business without authority; Commission may examine accounts of suspected person; penalty
Virginia § 6.2-1039
JurisdictionVirginia
Title 6.2FINANCIAL INSTITUTIONS AND SERVICES
Subtitle IIDEPOSITORY INSTITUTIONS AND TRUST ORGANIZATIONS
Ch. 10ENTITIES CONDUCTING TRUST BUSINESS
Art. 2TRUST COMPANIES
This text of Virginia § 6.2-1039 (Engaging in trust business without authority; Commission may examine accounts of suspected person; penalty) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Va. Code Ann. § 6.2-1039 (2026).
Text
A.Every person who trades or deals as a trust company, or conducts a trust business, without authority of law, and their officers and agents, is guilty of a Class 6 felony.
B.The Commission shall have authority to examine the accounts, books, and papers of any person who it has reason to suspect is doing a trust business, in order to ascertain whether such person has violated, or is violating, any provision of this title. The refusal to submit such accounts, books, and papers shall be prima facie evidence of such violation.
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Legislative History
Code 1950, § 6-133; 1966, c. 584, § 6.1-111; 1992, c. 136; 1994, c. 7; 2010, c. 794.
Nearby Sections
15
§ 6.2-100
Definitions§ 6.2-1000
Definitions§ 6.2-1002
Powers of trust institutions§ 6.2-1005
Deposit or other use of trust funds§ 6.2-1007
Investment of trust funds§ 6.2-1008
Dealings with self or affiliates§ 6.2-101
Confidentiality of informationCite This Page — Counsel Stack
Bluebook (online)
Virginia § 6.2-1039, Counsel Stack Legal Research, https://law.counselstack.com/statute/va/6.2/6.2-1039.