Code of Virginia (Last Updated:July 28, 2020) |
TITLE 6.2. Financial Institutions and Services |
SUBTITLE II. Depository Institutions and Trust Organizations |
CHAPTER 10. Entities Conducting Trust Business |
ARTICLE 2. Trust Companies |
SECTION 6.2-1030. Discount by officer, director, or employee of refused paper |
No officer, director, or employee of a trust company may purchase or discount any note or paper at a rate of interest in excess of what the trust company might charge knowing that the trust company has refused to purchase or discount such paper. Code 1950, § 6-44; 1966, c. 584, § 6.1-53; 2010, c. 794 . |