Code of Virginia § 6.2-703. Acquisition of interest in entity other than financial institution by financial institutions.
44 words·~1 min read·
/va/title-6-2/chapter-7/6-2-703A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No financial institution shall acquire more than five percent of the voting shares or otherwise gain control of any entity other than a financial institution without prior notice to the Commission.
1978, c. 683, § 6.1-383; 1983, cc. 193, 194; 2010, c. 794 .