Statutes > Virginia Statutes > Title 6.1 - BANKING AND FINANCE. > Chapter 13 - Financial Institution Holding Companies (6.1-381 thru 6.1-389) > 6.1-383 - (Repealed effective October 1, 2010) Acquisition of interest in company other than financial institution by financial institutions.

6.1-383 - (Repealed effective October 1, 2010) Acquisition of interest in company other than financial institution by financial institutions.

§ 6.1-383. (Repealed effective October 1, 2010) Acquisition of interest incompany other than financial institution by financial institutions.

No financial institution shall acquire more than five percent of the votingshares or otherwise gain control of any company other than a financialinstitution without prior notice to the Commission.

(1978, c. 683; 1983, cc. 193, 194.)