CODE OF VIRGINIA

DEFINITIONS (§ 13.1-982)

As used in this chapter, unless a different meaning is required by the context,
the following words and phrases shall have the following meanings:”Board
of directors.” — The board of directors of a corporation created
under this chapter.”Commission.” — The State Corporation
Commission of Virginia.”Corporation.” — A Virginia industrial
development corporation created under the provisions of this
chapter.”Financial institution.” — Any bank, trust company,
savings institution, industrial loan association or insurance
company.”Loan limit.” — For any member, the maximum amount
permitted to be outstanding at one time on loans made by such member to a
corporation as determined under the provisions of this
chapter.”Member.” — Any financial institution which shall
undertake to lend money to a corporation created under this chapter, upon its
call and in accordance with the provisions of this chapter.

HISTORY: Code 1950, § 13.1-141; 1960, c. 80; 1985, c. 522; 1996, c. 77.