Code of Virginia - Title 6.1 Banking And Finance - Section 6.1-295 Prerequisites to investigations

§ 6.1-295. Prerequisites to investigations

Before making an investigation as provided for in the preceding section (§ 6.1-294) as to any person not licensed nor an applicant for a license under this law a formal order shall be entered by the Commission specifically directing the investigation to be made, commanding submission by the person whose business is to be investigated, and setting forth all other details necessary to clearness and certainty, and no such order may be entered except upon at least one affidavit, which may be given by any member of the personnel of the Commission or by any other person, or upon documentary data, or upon admissions of the person to be investigated, or upon any combination of the foregoing, satisfactorily establishing, prima facie, facts sufficient to warrant the investigation provided for by § 6.1-294. But if the person involved consents to the investigation being made the foregoing requirements may be dispensed with and the investigation may be made upon formal or informal direction of the Commission or by, or upon the direction of, the Commissioner.

(Code 1950, § 6-324; 1966, c. 584.)

Sections:  Previous  6.1-288  6.1-289  6.1-290  6.1-291  6.1-292  6.1-293  6.1-294  6.1-295  6.1-296  6.1-297  6.1-298  6.1-299  6.1-299.1  6.1-300  6.1-301  Next

Last modified: April 16, 2009