Code of Virginia - Title 6.1 Banking And Finance - Section 6.1-89 Revaluation of assets after examination

§ 6.1-89. Revaluation of assets after examination

Whenever it shall appear to the Commission, from an examination of any bank, that any of the assets thereof are valued by the bank at an amount in excess of their fair and reasonable value, the Commission may, after such bank shall have been given an opportunity to be heard by the Commission, require such bank to revalue such assets on the basis of their fair and reasonable value.

(Code 1950, § 6-111; 1966, c. 584.)

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Last modified: April 2, 2009