Code of Virginia - Title 6.1 Banking And Finance - Section 6.1-446 Applicability

§ 6.1-446. Applicability

The provisions of this chapter shall not apply to any bank, savings institution or credit union that does not elect to become licensed under this chapter. Electing to become licensed under this chapter, however, shall constitute a waiver of the benefit of any and all laws of this Commonwealth and other states, territories, possessions, and districts of the United States and federal laws preemptive of, or inconsistent with, the provisions of this chapter.

(2002, c. 897.)

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Last modified: April 2, 2009