Code of Virginia - Title 6.1 Banking And Finance - Section 6.1-11.1 Grant of special powers to banks by the Commission

§ 6.1-11.1. Grant of special powers to banks by the Commission

In addition to the permissible business authorized by § 6.1-11, the State Corporation Commission may, upon the Commission's finding that an emergency exists, confer by order upon banks such temporary powers as the Commission may determine to be in the public interest and such powers as are granted may be authorized for a limited period of time, may be granted selectively to fewer than all banks, and may be revoked by further order of the Commission.

(1978, c. 683.)

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Last modified: April 16, 2009