§ 6.1-111. Doing banking or trust business without authority; Commission may examine accounts, etc., of suspec...
Every person, association or company who shall trade or deal as a bank or trust company, or carry on banking or do a trust business, without authority of law, and their officers and agents therein, shall be guilty of a Class 6 felony.
The Commission shall have authority to examine the accounts, books and papers of any person, copartnership or corporation who it has reason to suspect is doing a banking business or a trust business, in order to ascertain whether such person, copartnership, or corporation has violated, or is violating, any provision of this title, and the refusal to submit such accounts, books and papers shall be prima facie evidence of such violation.
(Code 1950, § 6-133; 1966, c. 584; 1992, c. 136; 1994, c. 7.)
Sections: Previous 6.1-110.7 6.1-110.8 6.1-110.9 6.1-110.10 6.1-110.11 6.1-110.12 6.1-110.13 6.1-111 6.1-112 6.1-113 6.1-114 6.1-115 6.1-118.1 6.1-119 6.1-119.1 NextLast modified: April 2, 2009