Incorporation; Certificate of Authority; Corporate Administration

This is the 2025 edition of the code. There is not the current edition. Browse all editions.

This is Article 2 of the Code of Virginia, titled “Incorporation; Certificate of Authority; Corporate Administration.” It is part of Chapter 11 “Savings Institutions”, which is part of Subtitle II “Depository Institutions and Trust Organizations”, which is part of Title 6.2 “Financial Institutions and Services”.

It’s comprised of the following 19 sections.

§ 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; how subscriptions to stock to be paid; disposition of money received before institution opens; stock option plans
§ 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