2010 Code of Virginia
Title 6.2 - FINANCIAL INSTITUTIONS AND SERVICES.
Chapter 8 - Banks (6.2-800 thru 6.2-946)
6.2-841 - (Effective October 1, 2010) Conditions for approval.
§ 6.2-841. (Effective October 1, 2010) Conditions for approval.
No branch of an out-of-state bank may be established under this article unless:
1. In the case of a de novo branch, the laws of the home state of the out-of-state bank permit Virginia banks to establish and maintain de novo branches in that state under substantially the same terms as set forth in this article.
2. In the case of a branch to be established through the acquisition of a branch, the laws of the out-of-state bank permit Virginia banks to establish and maintain branches in that state through the acquisition of branches under substantially the same terms as set forth in this article.
(1995, c. 301, § 6.1-44.7; 2010, c. 794.)
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