Code of Virginia § 6.2-853. Conditions for interstate merger.
86 words·~1 min read·
/va/title-6-2/chapter-8/6-2-853A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An interstate merger transaction involving a Virginia bank shall not be consummated, and any out-of-state bank resulting from such a merger shall not operate any branch in the Commonwealth, if the Commission finds that the laws of the home state of any out-of-state bank involved in the interstate merger transaction do not permit interstate merger transactions or finds that the resulting out-of-state bank has not complied with all applicable requirements of any law of the Commonwealth.
1995, c. 301 , § 6.1-44.20; 2010, c. 794 .