Code of Virginia - Title 6.1 Banking And Finance - Section 6.1-194.42 When operation of foreign savings institution in Commonwealth is prohibited

§ 6.1-194.42. When operation of foreign savings institution in Commonwealth is prohibited

When the laws, regulations or administrative actions of another state or territory of the United States prohibit or unfairly impede a state association or state savings bank (as defined in § 6.1-194.110) from transacting business in such state or territory, then the savings institutions of such other state or territory are prohibited from transacting business in the Commonwealth.

(1985, c. 425; 1994, c. 353.)

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Last modified: April 16, 2009