Virginia Code 6.2-852: Filing requirements.
Any out-of-state bank that will be the resulting bank pursuant to an interstate merger transaction involving a Virginia bank shall submit to the Commission a copy of the application it files with the responsible federal banking agency to engage in the interstate merger transaction. Such submission shall be made at the same time the application is filed by the out-of-state bank with the responsible federal banking agency. All banks which are parties to any interstate merger transaction involving a Virginia bank shall comply with Article 12 (§ 13.1-715.1 et seq.) of the Virginia Stock Corporation Act, as applicable, and with other applicable state and federal laws. Any out-of-state bank resulting from an interstate merger transaction shall comply with Article 17 (§ 13.1-757 et seq.) of the Virginia Stock Corporation Act. The out-of-state bank shall pay any filing fee required by the Commission.
Terms Used In Virginia Code 6.2-852
- Bank: has the meaning assigned to it in Virginia Code 6.2-849
- Commission: means the State Corporation Commission. See Virginia Code 6.2-100
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Interstate merger transaction: means :
1. See Virginia Code 6.2-849
- Out-of-state bank: has the meaning assigned to it in § Virginia Code 6.2-849
- Resulting bank: means a bank that has resulted from an interstate merger transaction under this article. See Virginia Code 6.2-849
- State: when applied to a part of the United States, includes any of the 50 states, the District of Columbia, the Commonwealth of Puerto Rico, Guam, the Northern Mariana Islands, and the United States Virgin Islands. See Virginia Code 1-245
- Virginia bank: means a bank whose home state is Virginia. See Virginia Code 6.2-849