Code of Virginia - Title 6.1 Banking And Finance - Section 6.1-194.144 State savings banks to furnish financial statements and reports

§ 6.1-194.144. State savings banks to furnish financial statements and reports

A. Every state savings bank shall furnish the Commission within thirty days after the close of its fiscal year a statement of its financial condition on forms supplied by the Commission. Such statements shall be made in accordance with forms prescribed by the Commission, certified under oath by the president or treasurer of the savings bank and attested by at least three of its directors. Insofar as practicable, the reports required by this section shall conform to those required by any instrumentality of the federal government that insures or regulates the state savings bank. The Commission shall allow state savings banks to submit such statements electronically. Any state savings bank that submits such statements electronically shall maintain a copy of the statement with the acquired certified signatures affixed.

B. Every state savings bank shall make such other reports as the Commission may from time to time require.

(1991, c. 230; 1996, c. 14; 1997, c. 407.)

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Last modified: April 2, 2009