Code of Virginia - Title 6.1 Banking And Finance - Section 6.1-32 Suspension of bank, trust company or trust subsidiary

§ 6.1-32. Suspension of bank, trust company or trust subsidiary

Any trust company or any bank doing a trust business, failing to comply with the provisions of §§ 6.1-20 to 6.1-22 and 6.1-24 or any one or more of them, or any trust subsidiary failing to comply with the provisions of §§ 6.1-22 and 6.1-24, or either of them, may be suspended or prohibited, or suspended and prohibited from doing a trust business by the State Corporation Commission.

(Code 1950, § 6-103; 1966, c. 584; 1974, c. 665.)

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Last modified: April 16, 2009