There is a newer version
of
this Section
2018 Code of Virginia
Title 6.2 - Financial Institutions and Services
Chapter 7 - Acquisitions of Interests in Financial Institutions
§ 6.2-715. Notice of intent to acquire out-of-state bank
Universal Citation: VA Code § 6.2-715 (2018)
A Virginia bank holding company or an out-of-state bank holding company that controls a Virginia bank shall file with the Commission (i) notice of its intention to acquire a bank outside Virginia and (ii) such information as the Commission shall request. The Commission shall within 30 days, or an extended period not exceeding 15 days, disapprove such acquisition if it determines that the acquisition could affect detrimentally the safety or soundness of a Virginia bank. It shall approve such acquisition within 45 days if it determines that the acquisition will not affect detrimentally the safety or soundness of such Virginia bank.
1985, c. 544, ยง 6.1-406; 1994, c. 351, 1996, c. 17; 2010, c. 794.
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.
