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Code · Virginia · Title 6.2 · Chapter 11

Code of Virginia § 6.2-1120. Minimum capital requirement.

53 words·~1 min read·/va/title-6-2/chapter-11/6-2-1120

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

A state savings bank shall comply with the applicable minimum capital requirements of the Federal Deposit Insurance Corporation. The Commission may impose such additional minimum capital requirements as it deems necessary in order to insure the safe and sound operation of state savings banks.
1991, c. 230, § 6.1-194.116; 2010, c. 794 .
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