Code of Virginia - Title 6.1 Banking And Finance - Section 6.1-194.116 Minimum capital requirement

§ 6.1-194.116. Minimum capital requirement

A state savings bank shall comply with the minimum capital requirements of the Federal Deposit Insurance Corporation applicable to such institutions. Notwithstanding the foregoing, the Commission may impose such minimum capital requirements as it deems necessary in order to insure safe and sound operation.

(1991, c. 230.)

Sections:  Previous  6.1-194.109  6.1-194.110  6.1-194.111  6.1-194.112  6.1-194.113  6.1-194.114  6.1-194.115  6.1-194.116  6.1-194.117  6.1-194.118  6.1-194.119  6.1-194.120  6.1-194.121  6.1-194.122  6.1-194.123  Next

Last modified: April 2, 2009