Va. Code Ann. § 6.2-1021
This is the official text of Va. Code Ann. § 6.2-1021, part of Virginia’s Code of Virginia — the complete compiled statutory law of Virginia, organized into 60+ numbered titles by subject.
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Commissions or fees for sale of stock not permitted
Official statutory text
The Commission shall not issue a certificate of authority to a trust company if any commissions, fees, brokerage, or other compensation by whatever name have been paid or contracted to be paid by the trust company, or by anyone in its behalf, directly or indirectly, to any person for the sale of stock in such trust company. Nothing herein shall be construed to prohibit a trust company that has been issued a certificate of authority and is conducting operations from paying or contracting to pay such commissions or fees in connection with the issue or reissue of shares of stock of the trust company.
1994, c. 5 , § 6.1-32.18:2; 2010, c. 794 .
1994, c. 5 , § 6.1-32.18:2; 2010, c. 794 .
Status: in_force · Read it on the official government site
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