Code of Virginia - Title 6.1 Banking And Finance - Section 6.1-455 Other reporting requirements

§ 6.1-455. Other reporting requirements

Within fifteen days following the occurrence of any of the following events, a licensee shall file a written report with the Commission describing such event and its expected impact upon the business of the licensee:

1. The filing of bankruptcy, reorganization or receivership proceedings by or against the licensee;

2. The institution of administrative or regulatory proceedings against the licensee by any governmental authority;

3. Any felony indictments of the licensee or any of its members, partners, directors, officers, or principals;

4. Any felony conviction of the licensee or any of its members, partners, directors, officers, or principals; and

5. Such other event as the Commission may prescribe by regulation.

(2002, c. 897.)

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Last modified: April 2, 2009