{"data":{"id":"us-va/10vac5-22-140","jurisdiction":"us-va","citation":"10VAC5-22-140","heading":"Purchases from affiliate prohibited; exceptions; terms","body":"Section  6.2-1020 of the Code of Virginia provides that an affiliated trust company may not, during the underwriting period, purchase from an affiliated broker-dealer any security that is being underwritten by that broker-dealer.\n\nOutside the scope of §  6.2-1020 of the Code of Virginia, an affiliated trust company may not purchase any security or other property from an affiliate, except as authorized by a provision of a governing trust instrument or other controlling document, by a court, or in accordance with specific permission given by law (e.g., § 26-44.1 of the Code of Virginia). Any such purchase from an affiliate shall be made at arm's length and on terms no less stringent than those that would apply in a transaction with an unrelated third party.","path":["Title 10. Finance And Financial Institutions","Agency 5. State Corporation Commission","Chapter 22. Trust Company Regulations"],"source_url":"https://law.lis.virginia.gov/admincode/title10/agency5/chapter22/section140/","current_through":"2026 Regular Session (effective July 1, 2026)","vintage":"","retrieved_at":"2026-09-14T04:49:32Z","sha256":"92d44b469bd1a2ccca655e42642c6f7e09e794060ac47c14073a0139d9a40b27","source_id":"us-va-vac","stale":false,"prev":"us-va/10vac5-22-130","next":"us-va/10vac5-22-150"},"notice":"GroundRules: Original legal text. Not legal advice."}