Va. Code Ann. § 6.2-1077
This is the official text of Va. Code Ann. § 6.2-1077, 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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Reacquisition of shares or interests; dividends
Official statutory text
A private trust company shall not purchase, redeem, or otherwise reacquire shares of stock or membership interests that the private trust company has issued, or declare a dividend or other distribution to its stockholders, members, or holders of equity interests, to the extent that such purchase, redemption, reacquisition, dividend, or distribution shall cause the private trust company's paid-in capital, retained surplus and reserves to be reduced below $500,000.
2003, c. 910 , § 6.1-32.30:4; 2010, c. 794 .
2003, c. 910 , § 6.1-32.30:4; 2010, c. 794 .
Status: in_force · Read it on the official government site
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