Code of Virginia - Title 6.1 Banking And Finance - Chapter 13 Financial Institution Holding Companies

6.1-381 Definitions
A. As used in this chapter, unless a different meaning is required by the context: "Bank" means an institution which has or is eligible for ...

6.1-382 Registration
Every company that controls one or more Virginia financial institutions shall register with the Commission in accordance with procedures established by the Commission and, unless ...

6.1-383 Acquisition of interest in company other than financial institution by financial institution...
No financial institution shall acquire more than five percent of the voting shares or otherwise gain control of any company other than a financial institution ...

6.1-383.1 Acquisition of interests in financial institutions and financial institution holding companies; pre...
A. Except as provided in Chapter 14 (§ 6.1-390 et seq.) and Chapter 15 (§ 6.1-398 et seq.) of this title, no company shall acquire ...

6.1-383.2 Same; investigation of application; prescribed investigation period; shortening, lengthening or wai...
A. For a period of sixty days following receipt of a complete application under § 6.1-383.1, the Commission shall be empowered to conduct an investigation ...

6.1-384 Reports and examinations
The Commission may require any financial institution holding company that controls a Virginia financial institution to furnish such reports as it deems appropriate to the ...

6.1-385 Unsafe or unsound practices; cease and desist power
Upon a finding that any activity of a holding company, including the control of a company or companies other than a Virginia financial institution, is ...

6.1-386 Conformity with federal procedures
To the maximum extent consistent with the effective discharge of the Commission's responsibilities, the forms established under this chapter for registration, reports or any other ...

6.1-387 Exclusions from this chapter
The provisions of §§ 6.1-383.1 and 6.1-383.2 shall not apply where a financial institution itself forms a corporation for the purpose to acquire and hold ...

6.1-388 Prohibitions and penalties; injunction
To the extent provided for therein, financial institution holding companies subject to the laws of this Commonwealth shall be subject to the penalties set forth ...

6.1-389 Limitation of provisions of chapter
In the event any provision of this chapter should conflict with an applicable provision of Chapter 14 (§ 6.1-390 et seq.) of this title, the ...