Acquisitions Of Interests In Financial Institutions
This is Chapter 7 of the Code of Virginia, titled “Acquisitions Of Interests In Financial Institutions.” 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’s comprised of the following 16 sections.
- § 6.2-700
- Definitions
- § 6.2-701
- Presumptions regarding control of entities, ownership of shares, and activities of subsidiaries or other entities
- § 6.2-702
- Registration; authority to transact business
- § 6.2-703
- Acquisition of interest in entity other than financial institution by financial institutions
- § 6.2-704
- Acquisition of interests in financial institutions and financial institution holding companies; application; notice; Commission approval required
- § 6.2-705
- Investigation of application
- § 6.2-706
- Cooperative agreements with other regulatory authorities
- § 6.2-707
- Reports and examinations
- § 6.2-708
- Unsafe or unsound practices; cease and desist orders
- § 6.2-709
- Conformity with federal forms
- § 6.2-710
- Regulations excluding financial institution holding companies from this chapter
- § 6.2-711
- Civil penalties; injunction
- § 6.2-712
- A savings institution holding company seeking to acquire a bank or bank holding company deemed a bank holding company
- § 6.2-713
- Applicable laws and regulations
- § 6.2-714
- Examinations of out-of-state bank holding companies and subsidiaries; reports; joint actions
- § 6.2-715
- Notice of intent to acquire out-of-state bank