{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/6.2-1092.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/6.2-1092.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/6.2-1092.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/6.2-1092.html"}],"law_id":373618,"edition_id":2,"section_id":373618,"structure_id":53164,"section_number":"6.2-1092","catch_line":"Transactions between trust accounts","history":"1984, c. 303, \u00a7 6.1-195.89; 2010, c. 794.","full_text":"A\n\nAn association may sell assets held by it as fiduciary in one trust account to itself as fiduciary in another trust account if the transaction is fair to both accounts and if such transaction is not prohibited by the terms of the governing instruments, court order, or the law of the Commonwealth.\n\nB\n\nAn association may make a loan to a trust account from the funds belonging to another such account, when the making of such loan to a designated trust account is authorized by the governing instrument creating the account from which such loans are made, or by court order, and the terms of the transaction are fair to all of the trust accounts involved.\n\nC\n\nAn association may make a loan to a trust account and may take as security therefor assets of the account, provided such transaction is fair to such account and is not otherwise prohibited by the governing instrument, by court order, or by the law of the Commonwealth.\n\n","order_by":null,"text":{"0":{"id":1394421,"text":"An association may sell assets held by it as fiduciary in one trust account to itself as fiduciary in another trust account if the transaction is fair to both accounts and if such transaction is not prohibited by the terms of the governing instruments, court order, or the law of the Commonwealth.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":1394422,"text":"An association may make a loan to a trust account from the funds belonging to another such account, when the making of such loan to a designated trust account is authorized by the governing instrument creating the account from which such loans are made, or by court order, and the terms of the transaction are fair to all of the trust accounts involved.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":1394423,"text":"An association may make a loan to a trust account and may take as security therefor assets of the account, provided such transaction is fair to such account and is not otherwise prohibited by the governing instrument, by court order, or by the law of the Commonwealth.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B"}},"ancestry":[{"id":53164,"edition_id":2,"name":"Trust Powers of Savings Institutions","identifier":"6","label":"article","depth":4,"order_by":6,"parent_id":53157,"metadata":{"child_laws":19,"child_structures":0},"date_created":"2026-08-02 03:11:51","date_modified":"2026-08-02 12:28:01","permalink":{"id":1491025,"object_type":"structure","relational_id":53164,"identifier":"6","token":"6.2\/II\/10\/6","url":"\/6.2\/II\/10\/6\/","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":373607,"structure_id":53164,"section_number":"6.2-1081","catch_line":"Definitions","url":"\/6.2-1081\/","token":"6.2\/II\/10\/6\/6.2-1081","metadata":false},{"id":373608,"structure_id":53164,"section_number":"6.2-1082","catch_line":"Applications for permission to offer trust services","url":"\/6.2-1082\/","token":"6.2\/II\/10\/6\/6.2-1082","metadata":false},{"id":373609,"structure_id":53164,"section_number":"6.2-1083","catch_line":"Commission to issue certificate; powers of associations authorized to offer trust services","url":"\/6.2-1083\/","token":"6.2\/II\/10\/6\/6.2-1083","metadata":false},{"id":373610,"structure_id":53164,"section_number":"6.2-1084","catch_line":"Continuation of trust powers in the event of consolidation or merger of two or more associations","url":"\/6.2-1084\/","token":"6.2\/II\/10\/6\/6.2-1084","metadata":false},{"id":373611,"structure_id":53164,"section_number":"6.2-1085","catch_line":"When security not required","url":"\/6.2-1085\/","token":"6.2\/II\/10\/6\/6.2-1085","metadata":false},{"id":373612,"structure_id":53164,"section_number":"6.2-1086","catch_line":"Association's operation and supervision of trust department","url":"\/6.2-1086\/","token":"6.2\/II\/10\/6\/6.2-1086","metadata":false},{"id":373613,"structure_id":53164,"section_number":"6.2-1087","catch_line":"Books and accounts","url":"\/6.2-1087\/","token":"6.2\/II\/10\/6\/6.2-1087","metadata":false},{"id":373614,"structure_id":53164,"section_number":"6.2-1088","catch_line":"Investment of funds and assets held as fiduciary","url":"\/6.2-1088\/","token":"6.2\/II\/10\/6\/6.2-1088","metadata":false},{"id":373615,"structure_id":53164,"section_number":"6.2-1089","catch_line":"Funds awaiting investment or distribution","url":"\/6.2-1089\/","token":"6.2\/II\/10\/6\/6.2-1089","metadata":false},{"id":373616,"structure_id":53164,"section_number":"6.2-1090","catch_line":"Dealings with self or affiliates","url":"\/6.2-1090\/","token":"6.2\/II\/10\/6\/6.2-1090","metadata":false},{"id":373617,"structure_id":53164,"section_number":"6.2-1091","catch_line":"Voting of financial institution stock held by association as fiduciary; when association disqualified from voting","url":"\/6.2-1091\/","token":"6.2\/II\/10\/6\/6.2-1091","metadata":false},{"id":373618,"structure_id":53164,"section_number":"6.2-1092","catch_line":"Transactions between trust accounts","url":"\/6.2-1092\/","token":"6.2\/II\/10\/6\/6.2-1092","metadata":false},{"id":373619,"structure_id":53164,"section_number":"6.2-1093","catch_line":"Custody of assets and investments held in trust","url":"\/6.2-1093\/","token":"6.2\/II\/10\/6\/6.2-1093","metadata":false},{"id":373620,"structure_id":53164,"section_number":"6.2-1094","catch_line":"Establishment of common trust funds and collective investment funds; court accountings","url":"\/6.2-1094\/","token":"6.2\/II\/10\/6\/6.2-1094","metadata":false},{"id":373621,"structure_id":53164,"section_number":"6.2-1095","catch_line":"Compensation of association acting as fiduciary","url":"\/6.2-1095\/","token":"6.2\/II\/10\/6\/6.2-1095","metadata":false},{"id":373622,"structure_id":53164,"section_number":"6.2-1096","catch_line":"Surrender of trust powers by association","url":"\/6.2-1096\/","token":"6.2\/II\/10\/6\/6.2-1096","metadata":false},{"id":373623,"structure_id":53164,"section_number":"6.2-1097","catch_line":"Effect on trust accounts of appointment of receiver for association or of voluntary dissolution of association","url":"\/6.2-1097\/","token":"6.2\/II\/10\/6\/6.2-1097","metadata":false},{"id":373624,"structure_id":53164,"section_number":"6.2-1098","catch_line":"Revocation of trust powers","url":"\/6.2-1098\/","token":"6.2\/II\/10\/6\/6.2-1098","metadata":false},{"id":373625,"structure_id":53164,"section_number":"6.2-1099","catch_line":"Trust powers of state savings banks","url":"\/6.2-1099\/","token":"6.2\/II\/10\/6\/6.2-1099","metadata":false}],"previous_section":{"id":373617,"structure_id":53164,"section_number":"6.2-1091","catch_line":"Voting of financial institution stock held by association as fiduciary; when association disqualified from voting","url":"\/6.2-1091\/","token":"6.2\/II\/10\/6\/6.2-1091","metadata":false},"next_section":{"id":373619,"structure_id":53164,"section_number":"6.2-1093","catch_line":"Custody of assets and investments held in trust","url":"\/6.2-1093\/","token":"6.2\/II\/10\/6\/6.2-1093","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-1092\/","history_text":"

This law was first created in 1984. The record of its establishment is cataloged in chapter 303 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1984 \u201cActs\u201d aren\u2019t available online. It has been modified 1 time. 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. That modification is as follows: in 2010, chapter 794<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":1491071,"object_type":"law","relational_id":373618,"identifier":"6.2-1092","token":"6.2\/II\/10\/6\/6.2-1092","url":"\/6.2-1092\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/6.2-1092\/","token":"6.2\/II\/10\/6\/6.2-1092","dublin_core":{"Title":"Transactions between trust accounts","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-1092","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> An association may sell assets<\/span> held by it as fiduciary<\/span> in one trust account<\/span> to itself as fiduciary<\/span> in another trust account<\/span> if the transaction is fair to both accounts and if such transaction is not prohibited by the terms of the governing instruments<\/span>, court order<\/span>, or the law<\/span> of the Commonwealth. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> An association may make a loan to a trust account<\/span> from the funds belonging to another such account, when the making of such loan to a designated trust account<\/span> is authorized by the governing instrument<\/span> creating the account from which such loans are made, or by court order<\/span>, and the terms of the transaction are fair to all of the trust accounts<\/span> involved. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> An association may make a loan to a trust account<\/span> and may take as security therefor assets<\/span> of the account, provided such transaction is fair to such account and is not otherwise prohibited by the governing instrument<\/span>, by court order<\/span>, or by the law<\/span> of the Commonwealth. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nTRANSACTIONS BETWEEN TRUST ACCOUNTS (\u00a7 6.2-1092)\n\nA. An association may sell assets held by it as fiduciary in one trust account\nto itself as fiduciary in another trust account if the transaction is fair to\nboth accounts and if such transaction is not prohibited by the terms of the\ngoverning instruments, court order, or the law of the Commonwealth.\n\nB. An association may make a loan to a trust account from the funds belonging to\nanother such account, when the making of such loan to a designated trust account\nis authorized by the governing instrument creating the account from which such\nloans are made, or by court order, and the terms of the transaction are fair to\nall of the trust accounts involved.\n\nC. An association may make a loan to a trust account and may take as security\ntherefor assets of the account, provided such transaction is fair to such\naccount and is not otherwise prohibited by the governing instrument, by court\norder, or by the law of the Commonwealth.\n\nHISTORY: 1984, c. 303, \u00a7 6.1-195.89; 2010, c. 794.","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"}}