Certain transactions by affiliated trust companies prohibited

Va. Code Ann. § 6.2-1020
in effect
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An affiliated trust company shall not: 1. During the underwriting period, purchase from an affiliated broker-dealer, for any trust account or for its own account, any security that is being underwritten by that broker-dealer; or 2. Purchase for any trust account or for its own account any security that is issued by a company that owns five percent or more of the capital stock of, or is affiliated with, the affiliated trust company. 1994, c. 524 , § 6.1-32.14:2; 1995, c. 140 ; 2010, c. 794 .
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/6.2-1020/Fetched: 10/16/2026

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