Code of Virginia - Title 6.1 Banking And Finance - Section 6.1-93 Reports of condition and other statements

§ 6.1-93. Reports of condition and other statements

Every bank shall make to the State Corporation Commission statements of its financial condition at such times as the Commission may require. Such statements shall be made in accordance with forms prescribed by the Commission certified under oath by the president or cashier of the bank, or, if there is no cashier, by the treasurer, and attested by at least three of its directors. The Commission shall call upon all such banks doing business in Virginia for the statements hereinbefore mentioned, and at the time prescribed, and shall have prepared such forms as may be necessary to carry out the provisions of this section. Whenever calls for statements are made by the Commission, it shall forward to each such bank two forms, one of which, after being properly filled out and certified, as hereinbefore required, shall be returned to the Commission within a time prescribed by it, and the other of which, filled out in like manner, shall be filed with the records of the bank. The Commission shall allow banks to submit such statements electronically. Any bank that submits such statements electronically shall maintain a copy of the statement with the required certified signatures affixed.

The Commission may require any bank to prepare and submit such other reports and material as it deems necessary to protect and promote the public interest.

(Code 1950, § 6-105; 1966, c. 584; 1976, c. 658; 1977, c. 257; 1995, c. 561; 1997, c. 407.)

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Last modified: April 2, 2009