Code of Virginia - Title 6.1 Banking And Finance - Section 6.1-2.16 Definitions

§ 6.1-2.16. Definitions

As used in this chapter, the following terms shall have the following meanings:

"Bank" means a bank as defined in § 6.1-4.

"Compliance Review Committee" means a committee appointed by a bank's or by a savings institution's board of directors for the purpose of evaluating and improving the bank's or savings institution's compliance with federal and state laws and adherence to its own established ethical and financial standards. The definition of compliance review committee includes any other person when that person acts in an investigatory capacity at the direction of a compliance review committee; however, the work product created by any person prior to his participation in the work of the compliance review committee or at the direction of the compliance review committee shall be subject to the rules governing discovery in accordance with the Rules of the Virginia Supreme Court.

"Person" means an individual, group of individuals, board, committee, partnership, firm, association, corporation or other entity.

"Savings institution" means a savings institution as defined in § 6.1-194.2.

(1994, c. 201.)

Sections:  6.1-2.16  6.1-2.17  6.1-2.18  Next

Last modified: April 16, 2009