Code of Virginia - Title 6.1 Banking And Finance - Section 6.1-110.4 Posting of notice

§ 6.1-110.4. Posting of notice

Immediately upon closing any bank with the intention of proceeding under the provisions of this article, the Commissioner shall post an appropriate notice of closing at the main entrance of the bank. Upon the posting of said notice, no judgment lien, attachment lien, or voluntary lien shall thereafter attach to any asset of said bank, nor shall any director, officer, or agent of such bank thereafter have authority to act on behalf of the bank or to convey, transfer, assign, pledge, mortgage or encumber any asset thereof.

(1983, c. 507.)

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Last modified: April 2, 2009