There is a newer version of the Code of Virginia
2011 Code of Virginia
Title 6.2 FINANCIAL INSTITUTIONS AND SERVICES.
Chapter 11 Savings Institutions (6.2-1100 thru 6.2-1205)
- 6.2-1100 Definitions.
- 6.2-1101 Construction and application of chapter.
- 6.2-1102 Associations operating share accumulation loan plans; continued operation.
- 6.2-1103 Prohibitions on conduct of savings institution business; exceptions; penalty.
- 6.2-1104 False statements and similar actions prohibited; penalty.
- 6.2-1105 Use of savings institution name, logo, or symbol for marketing purposes; penalty.
- 6.2-1106 Prohibitions on the use of certain terms; exceptions; penalty.
- 6.2-1107 Defamation of savings institutions and certain federal agencies prohibited; penalty.
- 6.2-1108 Membership in Federal Home Loan Bank and Federal Deposit Insurance Corporation authorized; insuranc...
- 6.2-1109 Representations that accounts are insured; misleading advertisements.
- 6.2-1110 Membership in facilitating organizations or instrumentalities.
- 6.2-1111 Authority to purchase, convey or manage property in which state savings institution has a security ...
- 6.2-1112 Applicability of Virginia Uniform Commercial Code to commercial paper and depository activities of ...
- 6.2-1113 Discoverability or admissibility of compliance review committee documents.
- 6.2-1114 Application of Virginia Stock Corporation Act and Virginia Nonstock Corporation Act.
- 6.2-1115 Formation of state savings institutions.
- 6.2-1116 Corporation name.
- 6.2-1117 Par value of shares; payment of shares; reacquisitions of shares or acceptance thereof as security...
- 6.2-1118 Certificate of authority to do business.
- 6.2-1119 Commissions and other fees for sale of stock not permitted.
- 6.2-1120 Minimum capital requirement.
- 6.2-1121 Board of directors.
- 6.2-1122 Meetings of board of directors.
- 6.2-1123 Notice of meetings of members; determining members entitled to notice or to vote.
- 6.2-1124 Voting rights; proxies.
- 6.2-1125 Access to books and records; communication with members.
- 6.2-1126 Audit of savings institution; report.
- 6.2-1127 Bonds of officers and employees.
- 6.2-1128 Loans to executive officers or directors.
- 6.2-1129 Overdrafts by savings institution officers, directors or employees.
- 6.2-1130 Reserves; surplus and undivided profits.
- 6.2-1131 Liability of members of mutual savings institutions.
- 6.2-1132 Mutual capital certificates.
- 6.2-1133 Offices and other facilities of state and foreign savings institutions; approval of branch offices ...
- 6.2-1134 Facilities associated with branch office.
- 6.2-1135 Change of branch office location.
- 6.2-1136 Remote service units.
- 6.2-1137 Off premises financial services.
- 6.2-1138 Suspension of business during actual or threatened emergency.
- 6.2-1139 Conversion from mutual savings institution to stock institution.
- 6.2-1140 Reorganization of mutual association into mutual holding company; approval by Commissioner; powers...
- 6.2-1141 Conversion of state savings institution into federal financial institution.
- 6.2-1142 Conversion of federal financial institution into state savings institution or state bank.
- 6.2-1143 Conversion from state savings bank to state association; conversion from state association to stat...
- 6.2-1144 Conversion from stock savings institution to bank.
- 6.2-1145 Merger or consolidation of savings institutions.
- 6.2-1146 State association or association holding company acquiring bank; association acquired by bank or ba...
- 6.2-1147 Acquisition of control of state stock institution requires Commission approval.
- 6.2-1148 Definitions.
- 6.2-1149 Foreign savings institutions; certificate of authority.
- 6.2-1150 When operation of foreign savings institution in the Commonwealth is prohibited.
- 6.2-1151 Applicability of Virginia Stock and Nonstock Corporation Acts.
- 6.2-1152 Law applicable to contracts of foreign savings institutions.
- 6.2-1153 Examination and supervision of foreign savings institutions.
- 6.2-1154 Revocation of certificate of authority of foreign savings institution.
- 6.2-1155 Unapproved foreign savings institutions.
- 6.2-1156 Activities that are not considered "doing business."
- 6.2-1157 Acquisitions by out-of-state savings institution holding company.
- 6.2-1158 Acquisitions by out-of-state savings institution.
- 6.2-1159 Investigation of application; prescribed investigation period; shortening, lengthening or waiving o...
- 6.2-1160 Notice of intent to acquire out-of-state savings institution.
- 6.2-1161 Applicable laws and regulations; enforcement by Commission.
- 6.2-1162 Periodic reports; interstate agreements.
- 6.2-1163 Application of article to bank or bank holding company.
- 6.2-1164 Acquisitions of state savings bank or holding companies by out-of-state financial institutions...
- 6.2-1165 Nonseverability.
- 6.2-1166 Accounts of state savings institutions.
- 6.2-1167 Rules governing withdrawal.
- 6.2-1168 Redemption.
- 6.2-1169 Accounts of savings institutions as legal investments and as security.
- 6.2-1170 Deposits of federal taxes and U.S. Treasury tax and loan accounts.
- 6.2-1171 Accounts under federal Self-Employed Individuals Tax Retirement Act and federal Employee Retiremen...
- 6.2-1172 Accounts issued in name of minor.
- 6.2-1173 Powers of attorney on accounts.
- 6.2-1174 Accounts of deceased or incompetent persons.
- 6.2-1175 Description unavailable
- 6.2-1176 Accounts of fiduciaries.
- 6.2-1177 Savings institution need not inquire as to fiduciary funds deposited in fiduciary's personal accoun...
- 6.2-1178 Accounts held by various trustees for same beneficiary.
- 6.2-1179 Real estate loans; required investment.
- 6.2-1180 Appraisals; loan-to-value ratios.
- 6.2-1181 Initial repayments on real estate loans.
- 6.2-1182 Adjustable real estate loans.
- 6.2-1183 Special provisions for home loans
- 6.2-1184 Dealing with successors in interest.
- 6.2-1185 Trustees on loans secured by deed of trust.
- 6.2-1186 General investment authority of state savings institutions.
- 6.2-1187 Investment authority of state savings banks.
- 6.2-1188 Effect of repeal or amendment of statute or regulation on existing loan or investment.
- 6.2-1189 Limitation on liability of savings institutions making loans for certain purposes.
- 6.2-1190 Perfection of certain security interests.
- 6.2-1191 General supervisory powers of Commission.
- 6.2-1192 Regulations.
- 6.2-1193 Statements to be furnished by Commission to directors of savings institutions.
- 6.2-1194 State savings institutions to furnish financial statements and reports.
- 6.2-1195 Examination of state savings institutions and affiliates by Commissioner; report of examination...
- 6.2-1196 Access to books and evidence of debt; examination of directors, officers, and employees under oath...
- 6.2-1197 False statements; penalty.
- 6.2-1198 Audits.
- 6.2-1199 Powers of Commission in case of nonobservance of law, noncompliance with orders, insufficient reser...
- 6.2-1200 Removal of director or officer; appeal; penalty for acting after removal.
- 6.2-1201 Special examinations.
- 6.2-1202 Fees for supervision and regulation; investigations.
- 6.2-1203 Examination of persons believed to be doing business without authority; doing business without auth...
- 6.2-1204 Compliance by savings institution holding companies with federal regulations constitutes complianc...
- 6.2-1205 Merger, consolidation or transfer of assets of insolvent or financially unstable savings institutio...
Disclaimer: These codes may not be the most recent version. Virginia may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.