Code of Virginia § 6.2-707. Reports and examinations.
104 words·~1 min read·
/va/title-6-2/chapter-7/6-2-707A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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 proper supervision of such holding companies. Unless the Commission determines otherwise, reports prepared for federal authorities may be submitted by such holding company in satisfaction of the requirements of this section. If, in the judgment of the Commission, such information and reports are inadequate for the Commission's intended purposes, the Commission may examine any such financial institution holding company and any subsidiary doing business in the Commonwealth.
1978, c. 683, § 6.1-384; 1983, c. 194; 2010, c. 794 .