CHAPTER 59

An Act to amend and reenact § 6.1-22 of the Code of Virginia, relating
to the separate holding of trust securities.
[H 143]

Approved February 26, 1968

Be it enacted by the General Assembly of Virginia:

1. That § 6.1-22 of the Code of Virginia be amended and reenacted as
follows:

§ 6.1-22. The securities and investments held in each trust shall be
kept separate and distinct from the securities owned by the bank and
separate and distinct one from another; but the funds of two or more
trusts may be invested in a single security or investment provided the
bank shows upon its trust records the interests of such trusts in the par-
ticular security or investment. Trust securities and investments shall be
placed in the joint custody or control of two or more officers or other em-
ployees designated by the board of directors of the bank or trust com-
pany, and such joint custody shall be interpreted to mean that neither of
such officers or employees shall have access alone at any time to such secur-
ities and investments, and all such officers and employees shall be bonded.