§ 6.1-15. Commissions, fees, etc., for sale of stock not permitted
The State Corporation Commission shall not issue a certificate of authority to any bank to commence business if commissions, fees, brokerage, or other compensation, by whatever name it may be called, have been paid or contracted to be paid by the bank, or by anyone in its behalf, either directly or indirectly, to any person, partnership, association or corporation for the sale of stock in said bank.
(Code 1950, § 6-35; 1960, c. 276; 1966, c. 584.)
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