Code of Virginia - Title 6.1 Banking And Finance - Section 6.1-194.39 Merger

§ 6.1-194.39. Merger

Two or more mutual savings institutions or two or more stock savings institutions may merge, subject to the approval of the Commission, when the Commission finds that the merger will be in the public interest and in accordance with applicable laws and regulations. The order approving the merger shall specify which office is to be the main office and which office or offices may be operated as branch offices.

(Code 1950, §§ 6-201.42, 6.1-172, 6.1-195.51; 1960, c. 402; 1966, c. 584; 1972, c. 796; 1982, c. 211; 1985, c. 425; 1988, c. 3.)

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Last modified: April 2, 2009