§ 6.1-112. Unlawful use of terms indicating that business is bank, trust company, etc.; penalty
A. No person, entity or organization not authorized to engage in the banking business or trust business in this Commonwealth by the provisions of this title or under the laws of the United States, or a business trust, shall (i) use any office sign having thereon any name or other words indicating that any such office is the office of a bank or trust company; (ii) use or circulate any letterheads, billheads, blank notes, blank receipts, certificates, circulars or any written or printed paper whatever, having thereon any name or word indicating that such person, entity or organization is a bank or trust company; or (iii) use the word "bank," "banking," "banker," or "trust" or the equivalent thereof in any foreign language, or the plural thereof in connection with any business other than a banking or trust business.
B. The foregoing prohibitions shall not apply to use by a bank holding company, as defined in § 6.1-47, of the word "bank," "banks," "banking," "banker," "trust" or the equivalent thereof in its name, or of a name similar to that of a subsidiary bank of such bank holding company.
C. The use of the above-mentioned words in the name of, or in connection with, any other business shall not be prohibited if the context or remaining words show clearly and definitely that the business is not a bank or trust company, and is not carrying on a banking or trust business.
D. Any person, entity or organization violating the provisions of this section, either individually or as an interested party, shall be guilty of a Class 6 felony.
(Code 1950, § 6-134; 1966, c. 584; 1972, c. 187; 1992, cc. 24, 136; 2000, c. 56; 2003, c. 592.)
Sections: Previous 6.1-110.8 6.1-110.9 6.1-110.10 6.1-110.11 6.1-110.12 6.1-110.13 6.1-111 6.1-112 6.1-113 6.1-114 6.1-115 6.1-118.1 6.1-119 6.1-119.1 6.1-120 NextLast modified: April 16, 2009