§ 6.1-7. Effect of chapter on charter powers; investments
The powers, privileges, duties and restrictions conferred and imposed upon any bank existing and doing business under the laws of this Commonwealth are abridged, enlarged or modified, as each particular case may require, to conform to the provisions of this chapter. Nothing in this chapter, however, shall be construed to change or affect any privilege granted by charter to any bank incorporated before June 15, 1910, nor to affect the legality of any investment made or transaction had prior to June 18, 1928, pursuant to any provisions of law in force when such investment was made or transaction had, nor shall the provisions of this chapter other than § 6.1-5 apply to any bank chartered prior to such date under the laws of this Commonwealth but having no place of business within this Commonwealth and conducting its entire business outside of this Commonwealth.
(Code 1950, § 6-8; 1966, c. 584.)
Sections: Previous 6.1-5 6.1-5.1 6.1-5.2 6.1-5.3 6.1-5.4 6.1-6 6.1-6.1 6.1-7 6.1-8 6.1-9 6.1-10 6.1-11 6.1-11.1 6.1-11.2 6.1-12 NextLast modified: April 16, 2009