Supervision.
This is Article 9 of the Code of Virginia, titled “Supervision..” 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 15 sections.
- § 6.2-1191
- General supervisory powers of Commission
- § 6.2-1192
- Regulations
- § 6.2-1193
- Statements to be furnished by Commission to directors of savings institutions
- § 6.2-1194
- State savings institutions to furnish financial statements and reports
- § 6.2-1195
- Examination of state savings institutions and affiliates by Commissioner; report of examination
- § 6.2-1196
- Access to books and evidence of debt; examination of directors, officers, and employees under oath
- § 6.2-1197
- False statements; penalty
- § 6.2-1198
- Audits
- § 6.2-1199
- Powers of Commission in case of nonobservance of law, noncompliance with orders, insufficient reserves or insolvency; appointment of Federal Deposit Insurance Corporation as receiver
- § 6.2-1200
- Removal of director or officer; appeal; penalty for acting after removal
- § 6.2-1201
- Special examinations
- § 6.2-1202
- Fees for supervision and regulation; investigations
- § 6.2-1203
- Examination of persons believed to be doing business without authority; doing business without authority; penalty
- § 6.2-1204
- Compliance by savings institution holding companies with federal regulations constitutes compliance with Commission regulations
- § 6.2-1205
- Merger, consolidation or transfer of assets of insolvent or financially unstable savings institution; notice and hearing; final order; priorities; examinations of resulting institutions