Virginia Code 6.2-867: Discount by officer, director, or employee of paper refused by bank.
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No officer, director, or employee of a bank may purchase or discount any note or paper at a rate of interest in excess of what such bank might charge knowing that such bank has refused to purchase or discount such paper.
Terms Used In Virginia Code 6.2-867
- Bank: means a corporation authorized by statute to accept deposits and to hold itself out to the public as engaged in the banking business in the Commonwealth. See Virginia Code 6.2-800
Code 1950, § 6-44; 1966, c. 584, § 6.1-53; 2010, c. 794.