Investments And Loans.
This is Article 9 of the Code of Virginia, titled “Investments And Loans..” 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 8, titled “Banks.” It’s comprised of the following 19 sections.
- § 6.2-870
- Limitation of amount invested in bank premises
- § 6.2-871
- Investment in stock or securities of bank service corporations
- § 6.2-872
- For what purpose banks may purchase, hold, and convey real estate
- § 6.2-873
- Additional permissible investments in real estate
- § 6.2-874
- Prohibited uses of bank's own stock; other investments or loans
- § 6.2-875
- Limitations on obligations of borrowers
- § 6.2-876
- Loans to executive officers or directors
- § 6.2-877
- Overdrafts by bank officer or director
- § 6.2-878
- Loans secured by real estate generally
- § 6.2-879
- Certain loans not considered loans secured by real estate
- § 6.2-880
- Construction loans
- § 6.2-881
- Investment in reverse annuity mortgages
- § 6.2-882
- Bank borrowing money or rediscounting its notes
- § 6.2-883
- Acceptance of drafts or bills of exchange; issuance of letters of credit
- § 6.2-884
- Ownership and lease of personal property
- § 6.2-885
- Investment in stock or securities of controlled subsidiary corporations
- § 6.2-886
- Regulation of controlled subsidiary corporations by Commission
- § 6.2-887
- Insurance business of controlled subsidiary
- § 6.2-888
- Real estate brokerage business of controlled subsidiary