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Chapter 2 - Banking Act (6.1-3 thru 6.1-125)

• 6.1-3 - (Repealed effective October 1, 2010) Short title.
• 6.1-4 - (Repealed effective October 1, 2010) Application of chapter; definitions.
• 6.1-5 - (Repealed effective October 1, 2010) Who shall not do a banking or trust business.
• 6.1-5.1 - (Repealed effective October 1, 2010) Amendment of powers of state banks by regulation of the Commission.
• 6.1-5.2 - (Repealed effective October 1, 2010) Conferring on state banks power to make charges comparable to those permitted to national banking associations.
• 6.1-5.3 - (Repealed effective October 1, 2010) Rate of interest chargeable by state banks.
• 6.1-5.4 - (Repealed effective October 1, 2010) Saturday closing of banks.
• 6.1-6 - (Repealed effective October 1, 2010) How bank incorporated; application of Virginia Stock Corporation Act; consideration for shares; no-par stock.
• 6.1-6.1 - (Repealed effective October 1, 2010) Bankers' bank; formation; applicability of banking code.
• 6.1-7 - (Repealed effective October 1, 2010) Effect of chapter on charter powers; investments.
• 6.1-8 - (Repealed effective October 1, 2010) State banks may become members of Federal Reserve Bank System or the Federal Home Loan Bank System.
• 6.1-9 - (Repealed effective October 1, 2010) State banks may become insured under Federal Reserve Act.
• 6.1-10 - (Repealed effective October 1, 2010) Participation by banks in school thrift or savings plans.
• 6.1-11 - (Repealed effective October 1, 2010) Permissible business.
• 6.1-11.1 - (Repealed effective October 1, 2010) Grant of special powers to banks by the Commission.
• 6.1-11.2 - (Repealed effective October 1, 2010) International banking facility.
• 6.1-12 - (Repealed effective October 1, 2010) Suspension of business during actual or threatened enemy attack or other emergency.
• 6.1-13 - (Repealed effective October 1, 2010) Bank to obtain certificate of authority before beginning business; prerequisites to issuance of certificate.
• 6.1-14 - (Repealed effective October 1, 2010) How subscriptions to stock to be paid; bank not to begin business until amounts specified in certificate of authority received; disposition of money recei
• 6.1-15 - (Repealed effective October 1, 2010) Commissions, fees, etc., for sale of stock not permitted.
• 6.1-16 - (Repealed effective October 1, 2010) What banks may engage in trust business; permission of State Corporation Commission required.
• 6.1-17 - (Repealed effective October 1, 2010) Powers of banks and trust companies; national banks as fiduciaries.
• 6.1-18 - (Repealed effective October 1, 2010) When security not required.
• 6.1-19 - (Repealed effective October 1, 2010) Who may take oath for corporate fiduciary.
• 6.1-20 - (Repealed effective October 1, 2010) Separation of banking and trust functions.
• 6.1-21 - (Repealed effective October 1, 2010) Deposit or other use of trust funds.
• 6.1-22 - (Repealed effective October 1, 2010) Trust securities to be kept separate; custody thereof; federal securities and obligations.
• 6.1-23 - (Repealed effective October 1, 2010) Investment of trust funds.
• 6.1-24 - (Repealed effective October 1, 2010) Dealings with self or affiliates.
• 6.1-25 - through 6.1-30
• 6.1-30.1 - (Repealed effective October 1, 2010) Establishment of common trust and collective investment funds.
• 6.1-30.2 - (Repealed effective October 1, 2010) Court accountings.
• 6.1-30.3 - (Repealed effective October 1, 2010) Supervision by Commission.
• 6.1-31 - (Repealed effective October 1, 2010) Bank, trust company or trust subsidiary holding stock or other securities as fiduciary.
• 6.1-31.1 - (Repealed effective October 1, 2010) Voting of bank shares held by bank, trust company or trust subsidiary as fiduciary; when bank, trust company or trust subsidiary disqualified.
• 6.1-31.2 - (Repealed effective October 1, 2010) Same; appointment of cofiduciary for purpose of voting.
• 6.1-32 - (Repealed effective October 1, 2010) Suspension of bank, trust company or trust subsidiary.
• 6.1-32.1 - (Repealed effective October 1, 2010) Title of article.
• 6.1-32.2 - (Repealed effective October 1, 2010) Definitions.
• 6.1-32.3 - (Repealed effective October 1, 2010) Organization of subsidiary trust companies.
• 6.1-32.4 - (Repealed effective October 1, 2010) Directors of such companies.
• 6.1-32.5 - (Repealed effective October 1, 2010) Permissible business.
• 6.1-32.6 - (Repealed effective October 1, 2010) Trust offices.
• 6.1-32.7 - (Repealed effective October 1, 2010) When security not required of trust subsidiaries.
• 6.1-32.8 - (Repealed effective October 1, 2010) Deposits of funds held or received by trust subsidiaries or subsidiary bank with affiliate banks; security therefor.
• 6.1-32.9 - (Repealed effective October 1, 2010) Substitution of trust subsidiary or subsidiary bank under common ownership as fiduciary.
• 6.1-32.10 - (Repealed effective October 1, 2010) Trust subsidiaries to have same powers and restrictions as bank trust departments.
• 6.1-32.11 - (Repealed effective October 1, 2010) Definitions.
• 6.1-32.12 - (Repealed effective October 1, 2010) Exemptions.
• 6.1-32.13 - (Repealed effective October 1, 2010) Certificate required.
• 6.1-32.14 - (Repealed effective October 1, 2010) Application for certificate; fee.
• 6.1-32.14:1 - Description unavailable
• 6.1-32.14:2 - (Repealed effective October 1, 2010) Certain transactions prohibited
• 6.1-32.15 - (Repealed effective October 1, 2010) Minimum capital.
• 6.1-32.16 - (Repealed effective October 1, 2010) State of incorporation; form of entity.
• 6.1-32.17 - (Repealed effective October 1, 2010) Bond required.
• 6.1-32.18 - (Repealed effective October 1, 2010) Procedure for granting or denying certificate.
• 6.1-32.18:1 - (Repealed effective October 1, 2010) Par value of shares; payment of shares; reacquisition of share...
• 6.1-32.18:2 - (Repealed effective October 1, 2010) Commissions, fees, etc., for sale of stock not permitte...
• 6.1-32.18:3 - (Repealed effective October 1, 2010) Reacquisition of shares; dividends
• 6.1-32.19 - (Repealed effective October 1, 2010) Acquisition of stock; application.
• 6.1-32.20 - (Repealed effective October 1, 2010) Restrictions on control, officers and directors.
• 6.1-32.21 - (Repealed effective October 1, 2010) Offices.
• 6.1-32.22 - (Repealed effective October 1, 2010) Directors.
• 6.1-32.23 - (Repealed effective October 1, 2010) Reports.
• 6.1-32.24 - (Repealed effective October 1, 2010) Investigations; examinations.
• 6.1-32.25 - (Repealed effective October 1, 2010) Fees.
• 6.1-32.26 - (Repealed effective October 1, 2010) Regulations.
• 6.1-32.27 - (Repealed effective October 1, 2010) Audits.
• 6.1-32.28 - (Repealed effective October 1, 2010) Commission's remedial powers.
• 6.1-32.29 - (Repealed effective October 1, 2010) Continuation of provisions.
• 6.1-32.30 - Description unavailable
• 6.1-32.30:1 - (Repealed effective October 1, 2010) Definitions
• 6.1-32.30:2 - (Repealed effective October 1, 2010) Organization; minimum capital; notice to Bureau of Financial I...
• 6.1-32.30:3 - (Repealed effective October 1, 2010) Operation and powers
• 6.1-32.30:4 - (Repealed effective October 1, 2010) Reacquisition of shares or interests; dividends
• 6.1-32.30:5 - (Repealed effective October 1, 2010) Offices
• 6.1-32.30:6 - (Repealed effective October 1, 2010) Directors or managers
• 6.1-32.30:7 - (Repealed effective October 1, 2010) Limitation on powers
• 6.1-32.31 - (Repealed effective October 1, 2010) Title and purpose.
• 6.1-32.32 - (Repealed effective October 1, 2010) Definitions.
• 6.1-32.33 - (Repealed effective October 1, 2010) Interstate trust offices by Virginia state banks.
• 6.1-32.34 - (Repealed effective October 1, 2010) Trust business of out-of-state trust institution.
• 6.1-32.35 - (Repealed effective October 1, 2010) Trust business at a branch or trust office.
• 6.1-32.36 - (Repealed effective October 1, 2010) Establishing an interstate trust office.
• 6.1-32.37 - (Repealed effective October 1, 2010) Acquiring an interstate trust office.
• 6.1-32.38 - (Repealed effective October 1, 2010) Filing requirements.
• 6.1-32.39 - (Repealed effective October 1, 2010) Conditions for approval.
• 6.1-32.40 - (Repealed effective October 1, 2010) Examinations; periodic reports; cooperative agreements; assessment of fees.
• 6.1-32.41 - (Repealed effective October 1, 2010) Enforcement.
• 6.1-32.42 - (Repealed effective October 1, 2010) Additional trust offices.
• 6.1-32.43 - (Repealed effective October 1, 2010) Regulations; certain fees.
• 6.1-32.44 - (Repealed effective October 1, 2010) Notice of subsequent merger, closing, etc.
• 6.1-32.45 - (Repealed effective October 1, 2010) Severability.
• 6.1-33 - (Repealed effective October 1, 2010) National banking association may become state bank; procedure.
• 6.1-34 - (Repealed effective October 1, 2010) New bank considered same business and corporate entity as old; reference to latter in contract, will or document.
• 6.1-35 - (Repealed effective October 1, 2010) State bank becoming national bank; notice required; effect on liabilities.
• 6.1-36 - (Repealed effective October 1, 2010) General effect of change of state bank to national bank.
• 6.1-37 - (Repealed effective October 1, 2010) Rights of national bank stockholders dissenting from conversion.
• 6.1-38 - (Repealed effective October 1, 2010) Issuance of certificate of authority to state bank converted from national bank.
• 6.1-39 - through .2
• 6.1-39.3 - (Repealed effective October 1, 2010) When and where branch banks may be established; redesignation of main office.
• 6.1-39.4 - Description unavailable
• 6.1-39.4:1 - (Repealed effective October 1, 2010) Electronic fund transfers; authority to utilize
• 6.1-39.5 - (Repealed effective October 1, 2010) Bank agent for depository institution.
• 6.1-40 - Description unavailable
• 6.1-41 - (Repealed effective October 1, 2010) Operation of branch office under different name.
• 6.1-41.1 - (Repealed effective October 1, 2010) Use of armored vehicles to pick up customers' deposits or deliver currency.
• 6.1-42 - (Repealed effective October 1, 2010) Banking facilities in certain hospitals or federal areas.
• 6.1-43 - (Repealed effective October 1, 2010) Merger or share exchange authorized; laws applicable.
• 6.1-44 - (Repealed effective October 1, 2010) Effect of merger; certificate of authority required.
• 6.1-44.1 - (Repealed effective October 1, 2010) Purpose.
• 6.1-44.2 - (Repealed effective October 1, 2010) Definitions.
• 6.1-44.3 - (Repealed effective October 1, 2010) Interstate branching by Virginia state banks.
• 6.1-44.4 - (Repealed effective October 1, 2010) Interstate branching by de novo entry.
• 6.1-44.5 - (Repealed effective October 1, 2010) Interstate branching through the acquisition of a branch.
• 6.1-44.6 - (Repealed effective October 1, 2010) Filing requirements.
• 6.1-44.7 - (Repealed effective October 1, 2010) Conditions for approval.
• 6.1-44.8 - (Repealed effective October 1, 2010) Powers.
• 6.1-44.9 - (Repealed effective October 1, 2010) Examination; periodic reports; cooperative agreements; assessment of fees.
• 6.1-44.10 - (Repealed effective October 1, 2010) Enforcement.
• 6.1-44.11 - (Repealed effective October 1, 2010) Additional branches.
• 6.1-44.12 - (Repealed effective October 1, 2010) Regulations; certain fees.
• 6.1-44.13 - (Repealed effective October 1, 2010) Notice of subsequent merger, etc.
• 6.1-44.14 - (Repealed effective October 1, 2010) Nonseverability.
• 6.1-44.15 - (Repealed effective October 1, 2010) Purpose.
• 6.1-44.16 - (Repealed effective October 1, 2010) Definitions.
• 6.1-44.17 - (Repealed effective October 1, 2010) Authority to branch outside Virginia by merger.
• 6.1-44.18 - (Repealed effective October 1, 2010) Interstate merger transactions and branching permitted.
• 6.1-44.19 - (Repealed effective October 1, 2010) Filing requirements.
• 6.1-44.20 - (Repealed effective October 1, 2010) Conditions for interstate merger.
• 6.1-44.21 - (Repealed effective October 1, 2010) Powers.
• 6.1-44.22 - (Repealed effective October 1, 2010) Examination; periodic reports; cooperative agreements; assessment of fees.
• 6.1-44.23 - (Repealed effective October 1, 2010) Enforcement.
• 6.1-44.24 - (Repealed effective October 1, 2010) Regulations; certain fees.
• 6.1-44.25 - (Repealed effective October 1, 2010) Notice of subsequent merger, etc.
• 6.1-45 - (Repealed effective October 1, 2010) Bank to be managed by board of directors; number of directors.
• 6.1-46 - (Repealed effective October 1, 2010) Application of Virginia Stock Corporation Act.
• 6.1-47 - (Repealed effective October 1, 2010) Directors must be stockholders.
• 6.1-48 - (Repealed effective October 1, 2010) Oaths of directors.
• 6.1-48.1 - (Repealed effective October 1, 2010) Report to Commission of election of director.
• 6.1-49 - (Repealed effective October 1, 2010) Removal of director or officer.
• 6.1-50 - (Repealed effective October 1, 2010) Appeal from order granting or refusing such removal.
• 6.1-51 - (Repealed effective October 1, 2010) Penalty for acting after removal.
• 6.1-51.1 - (Repealed effective October 1, 2010) "Bank" construed.
• 6.1-52 - (Repealed effective October 1, 2010) Meetings of board of directors.
• 6.1-53 - (Repealed effective October 1, 2010) Discount by officer, director or employee of paper refused by bank.
• 6.1-54 - (Repealed effective October 1, 2010) Bonds required of officers and employees; blanket bond.
• 6.1-55 - Description unavailable
• 6.1-55.1 - Description unavailable
• 6.1-56 - (Repealed effective October 1, 2010) Dividends; surplus; undivided profits.
• 6.1-57 - (Repealed effective October 1, 2010) Limitation of amount invested in bank building, etc.
• 6.1-58 - (Repealed effective October 1, 2010) Investment in stock or securities of bank service corporations.
• 6.1-58.1 - (Repealed effective October 1, 2010) Investment in stock or securities of controlled subsidiary corporations.
• 6.1-58.2 - (Repealed effective October 1, 2010) Insurance business of controlled subsidiary.
• 6.1-58.3 - (Repealed effective October 1, 2010) Real estate brokerage business of controlled subsidiary.
• 6.1-59 - (Repealed effective October 1, 2010) For what purpose banks may purchase, hold and convey real estate.
• 6.1-59.1 - (Repealed effective October 1, 2010) Bank's investment in real estate other than allowed by § 6.1-59.
• 6.1-60 - Description unavailable
• 6.1-60.1 - (Repealed effective October 1, 2010) Acquisition of or loans on own stock; other investments or loans.
• 6.1-61 - (Repealed effective October 1, 2010) Limitations on obligations of borrowers.
• 6.1-62 - (Repealed effective October 1, 2010) Loans to executive officers or directors.
• 6.1-62.1 - (Repealed effective October 1, 2010) Overdrafts by bank officer or director.
• 6.1-63 - (Repealed effective October 1, 2010) Limitation on amount of loans secured by real estate generally.
• 6.1-64 - (Repealed effective October 1, 2010) Construction loans.
• 6.1-65 - (Repealed effective October 1, 2010) Form of loans secured by real estate; certain loans not prohibited by § 6.1-63.
• 6.1-65.1 - (Repealed effective October 1, 2010) Investment in reverse annuity mortgages.
• 6.1-66 - (Repealed effective October 1, 2010) Certain loans for home improvement purposes not considered loans secured by real estate.
• 6.1-67 - (Repealed effective October 1, 2010) Bank borrowing money or rediscounting its notes; reports; resolutions.
• 6.1-68 - (Repealed effective October 1, 2010) Acceptance of drafts or bills of exchange; issuance of letters of credit.
• 6.1-68.1 - (Repealed effective October 1, 2010) Ownership and lease of personal property.
• 6.1-69 - (Repealed effective October 1, 2010) Required reserves.
• 6.1-70 - (Repealed effective October 1, 2010) Payment of balance of deceased person or person under disability to personal representative, committee, etc.
• 6.1-70.1 - (Repealed effective October 1, 2010) Deposits in and withdrawals from accounts of convicts.
• 6.1-71 - Description unavailable
• 6.1-72 - , 6.1-73
• 6.1-73.1 - Description unavailable
• 6.1-74 - (Repealed effective October 1, 2010) Deposits of minors.
• 6.1-75 - (Repealed effective October 1, 2010) Bank need not inquire as to fiduciary funds deposited in fiduciary's personal account.
• 6.1-76 - Description unavailable
• 6.1-77 - Description unavailable
• 6.1-78 - (Repealed effective October 1, 2010) Preferences; giving preference by pledging assets.
• 6.1-79 - (Repealed effective October 1, 2010) Same; exception as to governmental deposits; insolvent national bank funds, proceeds of sale of federal obligations, and bankruptcy funds.
• 6.1-80 - (Repealed effective October 1, 2010) Preferences; exceptions for certain borrowings and for repurchase agreements.
• 6.1-81 - (Repealed effective October 1, 2010) Perfection of certain security interests.
• 6.1-82 - Description unavailable
• 6.1-83 - (Repealed effective October 1, 2010) Federal deposit insurance a credit towards certain required bonds.
• 6.1-84 - (Repealed effective October 1, 2010) Examinations.
• 6.1-85 - (Repealed effective October 1, 2010) Examination of affiliates.
• 6.1-86 - (Repealed effective October 1, 2010) Special examinations.
• 6.1-87 - (Repealed effective October 1, 2010) Assistance in making examinations.
• 6.1-88 - (Repealed effective October 1, 2010) Notice of examination.
• 6.1-89 - (Repealed effective October 1, 2010) Revaluation of assets after examination.
• 6.1-90 - (Repealed effective October 1, 2010) Report of examination; inspection and dissemination to directors.
• 6.1-91 - (Repealed effective October 1, 2010) Communications to be submitted to board or executive committee.
• 6.1-92 - (Repealed effective October 1, 2010) Disclosure of irregularities, etc.; Commission's powers.
• 6.1-93 - (Repealed effective October 1, 2010) Reports of condition and other statements.
• 6.1-94 - (Repealed effective October 1, 2010) Fees for supervision and regulation and for certain examinations and investigations.
• 6.1-95 - (Repealed effective October 1, 2010) Assessment and payment of fees; lien.
• 6.1-96 - (Repealed effective October 1, 2010) Reduction of fees.
• 6.1-97 - Description unavailable
• 6.1-98 - Description unavailable
• 6.1-99 - (Repealed effective October 1, 2010) Examination of national banks.
• 6.1-100 - (Repealed effective October 1, 2010) Closing bank upon insolvency, etc.; appointment of receiver.
• 6.1-100.1 - (Repealed effective October 1, 2010) Merger or transfer of assets of insolvent bank.
• 6.1-101 - (Repealed effective October 1, 2010) Protection of state deposits upon insolvency, etc.
• 6.1-102 - (Repealed effective October 1, 2010) Appointment of receiver.
• 6.1-103 - (Repealed effective October 1, 2010) Execution of powers of sale by receivers.
• 6.1-104 - (Repealed effective October 1, 2010) Rights and powers of receivers generally.
• 6.1-105 - (Repealed effective October 1, 2010) Interest on deposits; distribution of surplus remaining after payment of depositors.
• 6.1-106 - (Repealed effective October 1, 2010) Proceedings to bar certain claims against banks in liquidation.
• 6.1-107 - (Repealed effective October 1, 2010) Same; when publication of list of creditors unnecessary.
• 6.1-108 - (Repealed effective October 1, 2010) Same; when publication once in two newspapers sufficient.
• 6.1-109 - (Repealed effective October 1, 2010) Same; when such claims barred.
• 6.1-110 - (Repealed effective October 1, 2010) Power of receivers to contract for loans and make investments.
• 6.1-110.1 - (Repealed effective October 1, 2010) Definitions.
• 6.1-110.2 - (Repealed effective October 1, 2010) Appointment of FDIC.
• 6.1-110.3 - (Repealed effective October 1, 2010) Transfer of title to bank assets.
• 6.1-110.4 - (Repealed effective October 1, 2010) Posting of notice.
• 6.1-110.5 - (Repealed effective October 1, 2010) Powers of receiver.
• 6.1-110.6 - (Repealed effective October 1, 2010) Emergency sale of assets.
• 6.1-110.7 - (Repealed effective October 1, 2010) Notice and proof of claim; notice of rejection of claim; petition for hearing.
• 6.1-110.8 - (Repealed effective October 1, 2010) Payment of claims filed after prescribed period.
• 6.1-110.9 - (Repealed effective October 1, 2010) Distribution of assets.
• 6.1-110.10 - (Repealed effective October 1, 2010) Receivership procedures involving assets, etc., held by closed bank as fiduciary.
• 6.1-110.11 - (Repealed effective October 1, 2010) Termination of executory contracts and leases; liability; extension of statute of limitations.
• 6.1-110.12 - (Repealed effective October 1, 2010) Subrogation to rights of bank depositors.
• 6.1-110.13 - (Repealed effective October 1, 2010) Destruction of records.
• 6.1-111 - (Repealed effective October 1, 2010) Doing banking or trust business without authority; Commission may examine accounts, etc., of suspected person; penalty.
• 6.1-112 - (Repealed effective October 1, 2010) Unlawful use of terms indicating that business is bank, trust company, etc.; penalty.
• 6.1-113 - (Repealed effective October 1, 2010) Penalty for violation of § or § 6.1-41.
• 6.1-114 - (Repealed effective October 1, 2010) Penalty for failure to comply with § 6.1-93 or § 6.1-87.
• 6.1-115 - through 6.1-118
• 6.1-118.1 - (Repealed effective October 1, 2010) Recovery of costs in civil actions for bad checks.
• 6.1-119 - (Repealed effective October 1, 2010) Making derogatory statements affecting banks.
• 6.1-119.1 - (Repealed effective October 1, 2010) Use of bank or trust company name, logo or symbol for marketing purposes; penalty.
• 6.1-120 - (Repealed effective October 1, 2010) False certification of checks.
• 6.1-121 - Description unavailable
• 6.1-122 - (Repealed effective October 1, 2010) Embezzlement, fraud, false statements, etc., by officer, director, agent or employee of bank, trust company or trust subsidiary.
• 6.1-123 - (Repealed effective October 1, 2010) Officers, directors, agents and employees violating or causing bank, trust company or trust subsidiary to violate laws; civil liability not affected.
• 6.1-124 - (Repealed effective October 1, 2010) Receiving deposit knowing bank or broker to be insolvent.
• 6.1-125 - (Repealed effective October 1, 2010) Penalties for violation of Commission's orders.