Code of Virginia - Title 6.1 Banking And Finance - Section 6.1-95 Assessment and payment of fees; lien

§ 6.1-95. Assessment and payment of fees; lien

Except as hereinafter provided all such fees and charges shall be assessed against each such bank by the Commission on or before July 1 of each year and shall be paid into the state treasury on or before July 31 following. All fees so assessed shall be a lien on the assets of the bank, and if not paid when due may be recovered in any court of the county or city in which such bank or institution is located having original jurisdiction of civil cases on motion of and in the name of the Commission. The Commission shall mail the assessment to each bank on or before July 1 of each year.

Fees for investigating applications for authority shall be paid before the investigation is made.

Fees for the examination of trust departments shall be paid into the state treasury within thirty days after the Commission notifies the bank or trust company of the amount of the fee.

(Code 1950, § 6-123; 1956, c. 176; 1966, c. 584; 1984, c. 343.)

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Last modified: April 2, 2009