Code of Virginia - Title 6.1 Banking And Finance - Section 6.1-397 Severability generally; effect of invalidity of certain provisions of chapter

§ 6.1-397. Severability generally; effect of invalidity of certain provisions of chapter

If any provision of this chapter is held invalid, such invalidity shall not affect any other provision or application of this chapter which can be given effect without the invalid provision, except that if any provision of § 6.1-392 or § 6.1-392.1 is for any reason held invalid as a condition of the statutory grant contemplated by this chapter or unenforceable as a term of an agreement under § 6.1-393 of this chapter, in a final order subject to no further judicial review, entered by a court of competent jurisdiction of this Commonwealth or of the United States, no out-of-state bank holding company or any subsidiary thereof may thereafter acquire shares of a bank located in this Commonwealth pursuant to this chapter.

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

Sections:  Previous  6.1-390  6.1-391  6.1-392  6.1-392.1  6.1-393  6.1-394  6.1-394.1  6.1-395  6.1-396  6.1-397

Last modified: April 16, 2009