                                 CODE OF VIRGINIA

DEFINITIONS (§ 6.2-1074)

As used in this article, unless the context requires a different
meaning:		&#8220;Degrees of kinship&#8221; means, with respect to two persons,
(i) degrees of lineal kinship computed by counting one degree for each person in
the line of ascent or descent, exclusive of the person from whom the computing
begins and (ii) degrees of collateral kinship computed by commencing with one of
the persons and ascending from that person to a common ancestor, descending from
that ancestor to the other person, and counting one degree for each person in
the line of ascent and in the line of descent, exclusive of the person from whom
the computation begins, the total to represent the degree of such
kinship.		&#8220;Designated relative&#8221; means the individual to or through
whom the family members are related.		&#8220;Family&#8221; means a designated
relative and family members of that designated relative.		&#8220;Family
member&#8221; means the designated relative and:

1. Any individual within (i) the fifth degree of lineal kinship to the
designated relative or (ii) the ninth degree of collateral kinship to the
designated relative, for which purposes only a legally adopted individual shall
be treated as a natural child of the adoptive parents;

2. The present or past spouse of the designated relative and of any individual
qualifying as a family member under subdivision 1;

3. A trust established (i) by a family member or (ii) exclusively for the
benefit of one or more family members;

4. A stock corporation, limited partnership or limited liability company, all of
the capital stock, partnership interests, membership interests, or other equity
interests of which are owned by one or more family members, their spouses
qualifying under subdivision 2, their trusts qualifying under subdivision 3, or
their estates qualifying under subdivision 5;

5. The estate of a family member; or

6. A charitable foundation or other charitable entity created by a family
member.
			&#8220;Fiduciary&#8221; means executor, administrator, conservator, guardian,
committee, or trustee.			&#8220;Operating plan&#8221; means a plan that
establishes the policies and procedures a private trust company will have in
effect when the institution opens for business and thereafter (i) to ensure that
trust accounts are handled in accordance with recognized standards of fiduciary
conduct and (ii) to assure compliance with applicable laws and
regulations.			&#8220;Private trust business&#8221; means acting as or
performing the duties of a fiduciary in the regular course of its business for
family members.			&#8220;Private trust company&#8221; means a corporation or
limited liability company that is organized to engage in private trust business
under this article with one or more family members and that does not transact
business with the general public.			&#8220;Tax&#8221; includes, but is not
limited to, federal, state or local income, gift, estate, generation-skipping
transfer, or inheritance tax.

HISTORY: 2003, c. 910, §§ 6.1-32.30:1; 6.1-32.30:7; 2010, c. 794.