Code of Virginia - Title 6.1 Banking And Finance - Section 6.1-194.132 Acquisitions of state savings bank or holding companies by out-of-state financial institution...

§ 6.1-194.132. Acquisitions of state savings bank or holding companies by out-of-state financial institution...

A state savings bank, or holding company thereof, may not be acquired by a financial institution, or financial institution holding company, whose principal place of business is outside the Commonwealth, except in accordance with the provisions of Article 11 (§ 6.1-194.96 et seq.) of this chapter. As used in Article 11, the term "Virginia savings institution" includes a state savings bank, and the term "Virginia savings institution holding company" includes the holding company of a state savings bank.

(1991, c. 230.)

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Last modified: April 16, 2009