{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/6.2-1063.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/6.2-1063.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/6.2-1063.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/6.2-1063.html"}],"law_id":373587,"edition_id":2,"section_id":373587,"structure_id":53161,"section_number":"6.2-1063","catch_line":"Officers, directors, agents and employees violating or causing trust subsidiary to violate laws; civil liability not affected","history":"Code 1950, \u00a7 6-139; 1966, c. 584, \u00a7 6.1-123; 1974, c. 665; 2010, c. 794.","full_text":"Any officer, director, agent, or employee of any trust subsidiary who knowingly violates or who knowingly causes any trust subsidiary to violate any provision of this chapter, or knowingly participates or knowingly acquiesces in any such violation, unless other punishment is provided for the offense of such officer, agent, or employee, is guilty of a Class 1 misdemeanor. The provisions of this section shall not affect the civil liability of any such officer, director, agent or employee.\n\n","order_by":null,"text":{"0":{"id":1394298,"text":"Any officer, director, agent, or employee of any trust subsidiary who knowingly violates or who knowingly causes any trust subsidiary to violate any provision of this chapter, or knowingly participates or knowingly acquiesces in any such violation, unless other punishment is provided for the offense of such officer, agent, or employee, is guilty of a Class 1 misdemeanor. The provisions of this section shall not affect the civil liability of any such officer, director, agent or employee.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":53161,"edition_id":2,"name":"Trust Subsidiaries","identifier":"3","label":"article","depth":4,"order_by":2,"parent_id":53157,"metadata":{"child_laws":18,"child_structures":0},"date_created":"2026-08-02 03:11:47","date_modified":"2026-08-02 12:28:01","permalink":{"id":1490883,"object_type":"structure","relational_id":53161,"identifier":"3","token":"6.2\/II\/10\/3","url":"\/6.2\/II\/10\/3\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53157,"edition_id":2,"name":"Entities Conducting Trust Business","identifier":"10","label":"chapter","depth":3,"order_by":3,"parent_id":53156,"metadata":{"child_laws":100,"child_structures":6},"date_created":"2026-08-02 03:11:42","date_modified":"2026-08-02 12:28:00","permalink":{"id":1490689,"object_type":"structure","relational_id":53157,"identifier":"10","token":"6.2\/II\/10","url":"\/6.2\/II\/10\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53156,"edition_id":2,"name":"Depository Institutions and Trust Organizations","identifier":"II","label":"subtitle","depth":2,"order_by":2,"parent_id":53152,"metadata":{"child_laws":483,"child_structures":51},"date_created":"2026-08-02 03:11:42","date_modified":"2026-08-02 12:27:56","permalink":{"id":1490687,"object_type":"structure","relational_id":53156,"identifier":"II","token":"6.2\/II","url":"\/6.2\/II\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53152,"edition_id":2,"name":"Financial Institutions and Services","identifier":"6.2","label":"title","depth":1,"order_by":10,"parent_id":null,"metadata":{"child_laws":961,"child_structures":89},"date_created":"2026-08-02 03:11:41","date_modified":"2026-08-02 12:27:53","permalink":{"id":1490251,"object_type":"structure","relational_id":53152,"identifier":"6.2","token":"6.2","url":"\/6.2\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":373569,"structure_id":53161,"section_number":"6.2-1047","catch_line":"Definitions","url":"\/6.2-1047\/","token":"6.2\/II\/10\/3\/6.2-1047","metadata":false},{"id":373570,"structure_id":53161,"section_number":"6.2-1048","catch_line":"Organization of subsidiary trust companies","url":"\/6.2-1048\/","token":"6.2\/II\/10\/3\/6.2-1048","metadata":false},{"id":373571,"structure_id":53161,"section_number":"6.2-1049","catch_line":"Permissible business","url":"\/6.2-1049\/","token":"6.2\/II\/10\/3\/6.2-1049","metadata":false},{"id":373573,"structure_id":53161,"section_number":"6.2-1050","catch_line":"Directors","url":"\/6.2-1050\/","token":"6.2\/II\/10\/3\/6.2-1050","metadata":false},{"id":373574,"structure_id":53161,"section_number":"6.2-1051","catch_line":"Report to Commission of election of director","url":"\/6.2-1051\/","token":"6.2\/II\/10\/3\/6.2-1051","metadata":false},{"id":373575,"structure_id":53161,"section_number":"6.2-1052","catch_line":"Removal of director or officer; appeals; penalty","url":"\/6.2-1052\/","token":"6.2\/II\/10\/3\/6.2-1052","metadata":false},{"id":373576,"structure_id":53161,"section_number":"6.2-1053","catch_line":"Bonds required of officers and employees; blanket bond","url":"\/6.2-1053\/","token":"6.2\/II\/10\/3\/6.2-1053","metadata":false},{"id":373577,"structure_id":53161,"section_number":"6.2-1054","catch_line":"Certificate required","url":"\/6.2-1054\/","token":"6.2\/II\/10\/3\/6.2-1054","metadata":false},{"id":373578,"structure_id":53161,"section_number":"6.2-1055","catch_line":"Trust offices","url":"\/6.2-1055\/","token":"6.2\/II\/10\/3\/6.2-1055","metadata":false},{"id":373579,"structure_id":53161,"section_number":"6.2-1056","catch_line":"When security not required of trust subsidiaries","url":"\/6.2-1056\/","token":"6.2\/II\/10\/3\/6.2-1056","metadata":false},{"id":373580,"structure_id":53161,"section_number":"6.2-1057","catch_line":"Deposits held or received by trust subsidiaries or subsidiary bank with affiliate banks","url":"\/6.2-1057\/","token":"6.2\/II\/10\/3\/6.2-1057","metadata":false},{"id":373581,"structure_id":53161,"section_number":"6.2-1058","catch_line":"Substitution of trust subsidiary as fiduciary","url":"\/6.2-1058\/","token":"6.2\/II\/10\/3\/6.2-1058","metadata":false},{"id":373582,"structure_id":53161,"section_number":"6.2-1059","catch_line":"Substitution of subsidiary bank as fiduciary","url":"\/6.2-1059\/","token":"6.2\/II\/10\/3\/6.2-1059","metadata":false},{"id":373584,"structure_id":53161,"section_number":"6.2-1060","catch_line":"Trust subsidiaries to have same powers and restrictions as bank trust departments","url":"\/6.2-1060\/","token":"6.2\/II\/10\/3\/6.2-1060","metadata":false},{"id":373585,"structure_id":53161,"section_number":"6.2-1061","catch_line":"Reports; investigations and examinations; civil penalties","url":"\/6.2-1061\/","token":"6.2\/II\/10\/3\/6.2-1061","metadata":false},{"id":373586,"structure_id":53161,"section_number":"6.2-1062","catch_line":"Offenses by officer, director, agent or employee of trust subsidiary; penalties","url":"\/6.2-1062\/","token":"6.2\/II\/10\/3\/6.2-1062","metadata":false},{"id":373587,"structure_id":53161,"section_number":"6.2-1063","catch_line":"Officers, directors, agents and employees violating or causing trust subsidiary to violate laws; civil liability not affected","url":"\/6.2-1063\/","token":"6.2\/II\/10\/3\/6.2-1063","metadata":false},{"id":373588,"structure_id":53161,"section_number":"6.2-1064","catch_line":"Civil penalties for violation of Commission's orders","url":"\/6.2-1064\/","token":"6.2\/II\/10\/3\/6.2-1064","metadata":false}],"previous_section":{"id":373586,"structure_id":53161,"section_number":"6.2-1062","catch_line":"Offenses by officer, director, agent or employee of trust subsidiary; penalties","url":"\/6.2-1062\/","token":"6.2\/II\/10\/3\/6.2-1062","metadata":false},"next_section":{"id":373588,"structure_id":53161,"section_number":"6.2-1064","catch_line":"Civil penalties for violation of Commission's orders","url":"\/6.2-1064\/","token":"6.2\/II\/10\/3\/6.2-1064","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-1063\/","history_text":"<p>The record of this law\u2019s original creation isn\u2019t available online. It has been modified 3 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1966, chapter 584; in 1974, chapter 665; in 2010, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?101+ful+CHAP0794\">794<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":1490949,"object_type":"law","relational_id":373587,"identifier":"6.2-1063","token":"6.2\/II\/10\/3\/6.2-1063","url":"\/6.2-1063\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/6.2-1063\/","token":"6.2\/II\/10\/3\/6.2-1063","dublin_core":{"Title":"Officers, directors, agents and employees violating or causing trust subsidiary to violate laws; civil liability not affected","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-1063","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>Any officer, director, agent, or employee of any <span class=\"dictionary\">trust subsidiary<\/span> who knowingly violates or who knowingly causes any <span class=\"dictionary\">trust subsidiary<\/span> to violate any provision of this chapter, or knowingly participates or knowingly acquiesces in any such violation, unless other punishment is provided for the <span class=\"dictionary\">offense<\/span> of such officer, agent, or employee, is guilty of a Class 1 <span class=\"dictionary\">misdemeanor<\/span>. The provisions of this section shall not affect the civil liability of any such officer, director, agent or employee.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nOFFICERS, DIRECTORS, AGENTS AND EMPLOYEES VIOLATING OR CAUSING TRUST SUBSIDIARY\nTO VIOLATE LAWS; CIVIL LIABILITY NOT AFFECTED (\u00a7 6.2-1063)\n\nAny officer, director, agent, or employee of any trust subsidiary who knowingly\nviolates or who knowingly causes any trust subsidiary to violate any provision\nof this chapter, or knowingly participates or knowingly acquiesces in any such\nviolation, unless other punishment is provided for the offense of such officer,\nagent, or employee, is guilty of a Class 1 misdemeanor. The provisions of this\nsection shall not affect the civil liability of any such officer, director,\nagent or employee.\n\nHISTORY: Code 1950, \u00a7 6-139; 1966, c. 584, \u00a7 6.1-123; 1974, c. 665; 2010, c.\n794.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}