Code of Virginia - Title 6.1 Banking And Finance - Section 6.1-10 Participation by banks in school thrift or savings plans

§ 6.1-10. Participation by banks in school thrift or savings plans

A bank may contract with the principal of any elementary or secondary school, if authorized so to do by the school board in any county, city or town wherein such bank has a location, for the participation by the bank in any school thrift or savings plan, and it may accept deposits at such a school either by its own collector or by any representative of the school who becomes the agent of the bank for such purpose.

(Code 1950, § 6-23.1; 1954, c. 160; 1966, c. 584.)

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Last modified: April 2, 2009