Code of Virginia § 6.2-867. Discount by officer, director, or employee of paper refused by bank.
54 words·~1 min read·
/va/title-6-2/chapter-8/6-2-867A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No officer, director, or employee of a bank may purchase or discount any note or paper at a rate of interest in excess of what such bank might charge knowing that such bank has refused to purchase or discount such paper.
Code 1950, § 6-44; 1966, c. 584, § 6.1-53; 2010, c. 794 .