§ 6.2-1065. (Effective October 1, 2010) Definitions.
As used in this article, unless the context requires a different meaning:
"Acquisition of a trust office" means the acquisition of a trust officelocated in a host state, without acquiring the trust institution of suchoffice.
"Bank" has the meaning assigned to it in 12 U.S.C. § 1813(a) (1) of theFederal Deposit Insurance Company Act of 1956 (12 U.S.C. § 1811 et seq.), asamended.
"Bank supervisory agency" means: (i) any agency of another state withprimary responsibility for chartering and supervising a trust institution and(ii) the Office of the Comptroller of the Currency, the Federal DepositInsurance Corporation, or the Board of Governors of the Federal ReserveSystem and any successor to these agencies.
"Home state" means (i) with respect to a federally chartered trustinstitution, the state where such institution maintains its principal officeand (ii) with respect to any other trust institution, the state thatchartered such institution.
"Home state regulator" means the bank supervisory agency with primaryresponsibility for chartering and supervising an out-of-state trustinstitution.
"Host state" means a state, other than the home state of a trustinstitution, in which the trust institution maintains or seeks to acquire orestablish an office.
"New trust office" means a trust office located in a host state that (i)is originally established by the trust institution as a trust office and (ii)does not become a trust office of the trust institution as a result of (a)the acquisition of another trust institution or trust office of another trustinstitution or (b) a merger, consolidation, or conversion involving any suchtrust institution or trust office.
"Office" with respect to a trust institution means the principal office ora trust office, but not a branch.
"Out-of-state bank" means a bank chartered to act as a fiduciary whosehome state is a state other than the Commonwealth.
"Out-of-state trust company" means a trust company or trust subsidiarywhose home state is a state other than the Commonwealth.
"Out-of-state trust institution" means a trust institution whose homestate is a state other than the Commonwealth.
"Principal office" with respect to (i) a state trust company, means alocation designated by such trust company as its main office pursuant to §6.2-1028 or 6.2-1047 or (ii) a trust institution other than a state trustcompany, means its principal place of business in the United States.
"State bank" or "Virginia state bank" means a bank chartered under thelaws of the Commonwealth and permitted to engage in the trust businesspursuant to § 6.2-819.
"State trust company" means a corporation organized or reorganized as atrust company under Article 2 (§ 6.2-1013 et seq.) or Article 3 (§ 6.2-1047et seq.) of this chapter.
"State trust institution" means a trust institution having its principaloffice in the Commonwealth.
"Trust company" means a state trust company or any other entity charteredto act as a fiduciary that is not a bank.
"Trust institution" means a bank or trust company chartered by a statebank supervisory agency or by the Office of the Comptroller of Currency.
"Trust office" means an office at which a trust institution engages in atrust business and not in the banking business.
§ 6.2-1065. (Effective October 1, 2010) Definitions.
As used in this article, unless the context requires a different meaning:
"Acquisition of a trust office" means the acquisition of a trust officelocated in a host state, without acquiring the trust institution of suchoffice.
"Bank" has the meaning assigned to it in 12 U.S.C. § 1813(a) (1) of theFederal Deposit Insurance Company Act of 1956 (12 U.S.C. § 1811 et seq.), asamended.
"Bank supervisory agency" means: (i) any agency of another state withprimary responsibility for chartering and supervising a trust institution and(ii) the Office of the Comptroller of the Currency, the Federal DepositInsurance Corporation, or the Board of Governors of the Federal ReserveSystem and any successor to these agencies.
"Home state" means (i) with respect to a federally chartered trustinstitution, the state where such institution maintains its principal officeand (ii) with respect to any other trust institution, the state thatchartered such institution.
"Home state regulator" means the bank supervisory agency with primaryresponsibility for chartering and supervising an out-of-state trustinstitution.
"Host state" means a state, other than the home state of a trustinstitution, in which the trust institution maintains or seeks to acquire orestablish an office.
"New trust office" means a trust office located in a host state that (i)is originally established by the trust institution as a trust office and (ii)does not become a trust office of the trust institution as a result of (a)the acquisition of another trust institution or trust office of another trustinstitution or (b) a merger, consolidation, or conversion involving any suchtrust institution or trust office.
"Office" with respect to a trust institution means the principal office ora trust office, but not a branch.
"Out-of-state bank" means a bank chartered to act as a fiduciary whosehome state is a state other than the Commonwealth.
"Out-of-state trust company" means a trust company or trust subsidiarywhose home state is a state other than the Commonwealth.
"Out-of-state trust institution" means a trust institution whose homestate is a state other than the Commonwealth.
"Principal office" with respect to (i) a state trust company, means alocation designated by such trust company as its main office pursuant to §6.2-1028 or 6.2-1047 or (ii) a trust institution other than a state trustcompany, means its principal place of business in the United States.
"State bank" or "Virginia state bank" means a bank chartered under thelaws of the Commonwealth and permitted to engage in the trust businesspursuant to § 6.2-819.
"State trust company" means a corporation organized or reorganized as atrust company under Article 2 (§ 6.2-1013 et seq.) or Article 3 (§ 6.2-1047et seq.) of this chapter.
"State trust institution" means a trust institution having its principaloffice in the Commonwealth.
"Trust company" means a state trust company or any other entity charteredto act as a fiduciary that is not a bank.
"Trust institution" means a bank or trust company chartered by a statebank supervisory agency or by the Office of the Comptroller of Currency.
"Trust office" means an office at which a trust institution engages in atrust business and not in the banking business.
§ 6.2-1065. (Effective October 1, 2010) Definitions.
As used in this article, unless the context requires a different meaning:
"Acquisition of a trust office" means the acquisition of a trust officelocated in a host state, without acquiring the trust institution of suchoffice.
"Bank" has the meaning assigned to it in 12 U.S.C. § 1813(a) (1) of theFederal Deposit Insurance Company Act of 1956 (12 U.S.C. § 1811 et seq.), asamended.
"Bank supervisory agency" means: (i) any agency of another state withprimary responsibility for chartering and supervising a trust institution and(ii) the Office of the Comptroller of the Currency, the Federal DepositInsurance Corporation, or the Board of Governors of the Federal ReserveSystem and any successor to these agencies.
"Home state" means (i) with respect to a federally chartered trustinstitution, the state where such institution maintains its principal officeand (ii) with respect to any other trust institution, the state thatchartered such institution.
"Home state regulator" means the bank supervisory agency with primaryresponsibility for chartering and supervising an out-of-state trustinstitution.
"Host state" means a state, other than the home state of a trustinstitution, in which the trust institution maintains or seeks to acquire orestablish an office.
"New trust office" means a trust office located in a host state that (i)is originally established by the trust institution as a trust office and (ii)does not become a trust office of the trust institution as a result of (a)the acquisition of another trust institution or trust office of another trustinstitution or (b) a merger, consolidation, or conversion involving any suchtrust institution or trust office.
"Office" with respect to a trust institution means the principal office ora trust office, but not a branch.
"Out-of-state bank" means a bank chartered to act as a fiduciary whosehome state is a state other than the Commonwealth.
"Out-of-state trust company" means a trust company or trust subsidiarywhose home state is a state other than the Commonwealth.
"Out-of-state trust institution" means a trust institution whose homestate is a state other than the Commonwealth.
"Principal office" with respect to (i) a state trust company, means alocation designated by such trust company as its main office pursuant to §6.2-1028 or 6.2-1047 or (ii) a trust institution other than a state trustcompany, means its principal place of business in the United States.
"State bank" or "Virginia state bank" means a bank chartered under thelaws of the Commonwealth and permitted to engage in the trust businesspursuant to § 6.2-819.
"State trust company" means a corporation organized or reorganized as atrust company under Article 2 (§ 6.2-1013 et seq.) or Article 3 (§ 6.2-1047et seq.) of this chapter.
"State trust institution" means a trust institution having its principaloffice in the Commonwealth.
"Trust company" means a state trust company or any other entity charteredto act as a fiduciary that is not a bank.
"Trust institution" means a bank or trust company chartered by a statebank supervisory agency or by the Office of the Comptroller of Currency.
"Trust office" means an office at which a trust institution engages in atrust business and not in the banking business.
