2010 Code of Virginia
Title 6.2 - FINANCIAL INSTITUTIONS AND SERVICES.
Chapter 8 - Banks (6.2-800 thru 6.2-946)
6.2-853 - (Effective October 1, 2010) Conditions for interstate merger.
§ 6.2-853. (Effective October 1, 2010) Conditions for interstate merger.
An interstate merger transaction involving a Virginia bank shall not be consummated, and any out-of-state bank resulting from such a merger shall not operate any branch in the Commonwealth, if the Commission finds that the laws of the home state of any out-of-state bank involved in the interstate merger transaction do not permit interstate merger transactions or finds that the resulting out-of-state bank has not complied with all applicable requirements of any law of the Commonwealth.
(1995, c. 301, § 6.1-44.20; 2010, c. 794.)
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