6.2-1043 - (Effective October 1, 2010) Use of trust company name, logo, or symbol for marketing purposes; penalty. - Virginia Statutes

§ 6.2-1043. (Effective October 1, 2010) Use of trust company name, logo, orsymbol for marketing purposes; penalty.

A. As used in this section, "name, logo, or symbol, or any combinationthereof, of a trust company" includes any name, logo, or symbol, or anycombination thereof, that is deceptively similar to the name, logo, or symbolof a trust company.

B. Except as provided in subsection C, no person shall use the name, logo, orsymbol, or any combination thereof, of a trust company in marketing materialprovided to or solicitation of another person in a manner such that areasonable person may believe that the marketing material or solicitationoriginated from or is endorsed by the trust company or that the trust companyis responsible for the marketing material or solicitation.

C. This section shall not apply to (i) an affiliate or agent of the trustcompany or (ii) a person who uses the name, logo, or symbol of a trustcompany with the consent of the trust company.

D. Any person violating the provisions of this section, either individuallyor as an interested party, is guilty of a Class 1 misdemeanor. This sectionshall not affect the availability of any remedies otherwise available to atrust company.

(2005, c. 240, § 6.1-119.1; 2010, c. 794.)