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