§ 6.1-385. Unsafe or unsound practices; cease and desist power
Upon a finding that any activity of a holding company, including the control of a company or companies other than a Virginia financial institution, is or may be detrimental to the safety or soundness of an institution subject to regulation under the laws of this Commonwealth, the Commission, after reasonable notice to the holding company and an opportunity for it to be heard, shall have authority to order it to cease and desist from such activity.
(1978, c. 683.)
Sections: Previous 6.1-381 6.1-382 6.1-383 6.1-383.1 6.1-383.2 6.1-384 6.1-385 6.1-386 6.1-387 6.1-388 6.1-389 NextLast modified: April 2, 2009