CODE OF VIRGINIA

COMMISSIONS OR OTHER COMPENSATION FOR SALE OF STOCK NOT PERMITTED (§ 6.2-818)

The Commission shall not issue a certificate of authority to any bank to
commence business if commissions, fees, brokerage, or other compensation, have
been paid or contracted to be paid by the bank, or by anyone in its behalf,
either directly or indirectly, to any person for the sale of stock in the bank.

HISTORY: Code 1950, § 6-35; 1960, c. 276; 1966, c. 584, § 6.1-15; 2010, c.
794.