Virginia Code 6.2-851: Interstate merger transactions and branching permitted.
Current as of: 2024 | Check for updates
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Virginia banks may merge with out-of-state banks under this article, and an out-of-state bank resulting from such an interstate merger transaction may maintain and operate the branches in the Commonwealth of a merged Virginia bank, provided the requirements of this article are met.
Terms Used In Virginia Code 6.2-851
- Bank: has the meaning assigned to it in Virginia Code 6.2-849
- Interstate merger transaction: means :
1. See Virginia Code 6.2-849
- Virginia bank: means a bank whose home state is Virginia. See Virginia Code 6.2-849