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2018 Code of Virginia
Title 6.2 - Financial Institutions and Services
Chapter 8 - Banks
§ 6.2-853. Conditions for interstate merger
Universal Citation: VA Code § 6.2-853 (2018)
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, ยง 6.1-44.20; 2010, c. 794.
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