Code of Virginia - Title 6.1 Banking And Finance - Section 6.1-53 Discount by officer, director or employee of paper refused by bank

§ 6.1-53. Discount by officer, director or employee of paper refused by bank

No officer, director or employee of a bank or trust company may purchase or discount any note or paper at a rate of interest in excess of what such bank might charge knowing that such bank has refused to purchase or discount such paper.

(Code 1950, § 6-44; 1966, c. 584.)

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Last modified: April 2, 2009