Code of Virginia - Title 6.1 Banking And Finance - Section 6.1-394 Required reports

§ 6.1-394. Required reports

An out-of-state bank holding company that directly or indirectly through any subsidiary acquires voting stock of a bank pursuant to this chapter, and any general business corporation which acquires voting stock of a credit card bank pursuant to this chapter, shall file with the Commissioner copies of all regular and periodic reports which such bank holding company or such general business corporation is required to file under Section 15 or Section 15 (d) of the Securities Exchange Act of 1934, as amended, but excluding any portion not available to the public.

Any such general business corporation which is not required to file such reports but which is an affiliate or subsidiary of another corporation which is required to file such reports, shall cause copies of those reports to be filed with the Commissioner. In the event that a credit card bank is acquired pursuant to this chapter by a general business corporation which is not required to file such reports and which has no affiliate or subsidiary which is required to file such reports, the Commissioner shall be authorized to require such general business corporation to file with his office such information as he may deem fit.

(1983, c. 193; 1989, c. 751.)

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Last modified: April 2, 2009