CODE OF VIRGINIA

ACQUISITION OF INTEREST IN ENTITY OTHER THAN FINANCIAL INSTITUTION BY FINANCIAL
INSTITUTIONS (§ 6.2-703)

No financial institution shall acquire more than five percent of the voting
shares or otherwise gain control of any entity other than a financial
institution without prior notice to the Commission.

HISTORY: 1978, c. 683, § 6.1-383; 1983, cc. 193, 194; 2010, c. 794.