Virginia Code 6.2-839: Interstate branching through the acquisition of a branch.
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An out-of-state bank that does not already maintain a branch in the Commonwealth and that meets the requirements of this article may establish and maintain a branch in the Commonwealth through the acquisition of a branch.
Terms Used In Virginia Code 6.2-839
- Acquisition of a branch: means the acquisition of a branch located in a host state, without acquiring the bank of such branch. See Virginia Code 6.2-836
- Bank: has the meaning assigned to it in Virginia Code 6.2-836