§ 6.1-11.2. International banking facility
A bank may establish an international banking facility, either as a division of the bank or as a separate corporate entity under § 6.1-58.1. An "international banking facility" shall mean a set of assets and liability accounts segregated on the books and records of the bank, or an adjacent or other subsidiary that includes only international banking facility time deposits and international banking facility extensions of credit. The facility may either be located within Virginia or outside the territorial United States. "International banking facility" shall have the same meaning as set forth in the laws of the United States or the regulations of the Board of Governors for the Federal Reserve System.
(1983, c. 453.)
Sections: Previous 6.1-6.1 6.1-7 6.1-8 6.1-9 6.1-10 6.1-11 6.1-11.1 6.1-11.2 6.1-12 6.1-13 6.1-14 6.1-15 6.1-16 6.1-17 6.1-18 NextLast modified: April 16, 2009