6.1-32.14:2 - (Repealed effective October 1, 2010) Certain transactions prohibited - Virginia Statutes

§ 6.1-32.14:2. (Repealed effective October 1, 2010) Certain transactionsprohibited.

An affiliated trust company shall not, during the underwriting period,purchase from an affiliated broker-dealer, for any trust account or for itsown account, any security that is being underwritten by that broker-dealer.An affiliated trust company may not purchase for any trust account or for itsown account any security that is issued by a company that owns five percentor more of the capital stock of, or is affiliated with, the affiliated trustcompany.

(1994, c. 524; 1995, c. 140.)