CODE OF VIRGINIA

PROHIBITIONS ON THE USE OF CERTAIN TERMS; EXCEPTIONS; PENALTY (§ 6.2-1106)

A. No person not engaged in the business of a savings institution in the
Commonwealth under the provisions of this chapter shall use any sign having
thereon any assumed or corporate name containing the words “savings and
loan,” “building and loan,” “savings bank,” or
other words indicating that its office is the office of a savings institution;
nor shall any such person use or circulate any written or printed material
having thereon any assumed or corporate name or word or words indicating that
the business of such person is that of a savings institution. However, the use
of any of these terms in the name of any other corporation or in connection with
any other business is not prohibited when additional words show clearly and
definitely that the corporation is not, and that the business is not that of, a
savings institution.

B. Any person who violates this section is guilty of a Class 6 felony.

HISTORY: 1985, c. 425, § 6.1-194.95; 1986, c. 509; 1992, c. 136; 2010, c. 794.