§ 6.1-227. Incorporation and powers generally; use of certain names prohibited
Industrial loan associations may be incorporated under the provisions of the Virginia Stock Corporation Act (§ 13.1-601 et seq.) and shall have all the general powers and be subject to all the restrictions contained in that act, except as herein otherwise provided. But no such corporation need comply with the provisions of subsection A of § 13.1-630.
No such corporation incorporated prior to July 1, 1960, shall use in its corporate name or title, nor shall it do business under the name of "bank," "savings bank," "banker," "trust company," "trust" or other words of similar import.
(Code 1950, §§ 6-242, 6-244; 1956, c. 433; 1958, c. 139; 1966, c. 584.)
Sections: 6.1-227 6.1-227.1 6.1-228 6.1-229 6.1-230 6.1-231 6.1-232 6.1-232.1 6.1-232.2 6.1-233 6.1-234 6.1-234.1 6.1-235 6.1-236 6.1-237 NextLast modified: April 16, 2009