Operation and powers

Va. Code Ann. § 6.2-1076
in effect
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Every private trust company shall have and shall conduct its business in accordance with an operating plan and in accordance with generally accepted fiduciary standards. A private trust company when engaging in a private trust business shall have the same rights, powers, and privileges as a trust institution pursuant to § 6.2-1002 , including the power to act as executor under the last will and testament or administrator of the estate of any deceased family member. 2003, c. 910 , § 6.1-32.30:3; 2010, c. 794 .
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/6.2-1076/Fetched: 10/17/2026

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