6.2-1078 - (Effective October 1, 2010) Offices. - Virginia Statutes

§ 6.2-1078. (Effective October 1, 2010) Offices.

A. The office at which a private trust company begins business shall bedesignated initially as its principal office. The board of directors ormanagers of a private trust company may thereafter redesignate as theprincipal office another authorized office of the private trust company inthe Commonwealth.

B. The board of directors or managers of a private trust company maydesignate, and from time to time redesignate, one additional office at whichthe private trust company may conduct business in the Commonwealth.

C. The private trust company shall notify the Bureau of any suchredesignation of its principal office or designation or redesignation of anadditional office not later than 30 days before its effective date and shallconfirm to the Bureau any such designation or redesignation within 10 days ofits occurrence.

(2003, c. 910, § 6.1-32.30:5; 2010, c. 794.)