Code of Virginia § 6.2-927. Transfer of title to bank assets.
41 words·~1 min read·
/va/title-6-2/chapter-8/6-2-927A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Upon the appointment of the FDIC as receiver, title to all assets of the bank shall vest in the FDIC without the execution of any instruments of conveyance, assignment, transfer, or endorsement.
1983, c. 507, § 6.1-110.3; 2010, c. 794 .