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Code of Virginia (Last Updated:July 28, 2020) |
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TITLE 6.2. Financial Institutions and Services |
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SUBTITLE II. Depository Institutions and Trust Organizations |
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CHAPTER 11. Savings Institutions |
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ARTICLE 2. Incorporation; Certificate of Authority; Corporate Administration |
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SECTION 6.2-1120. Minimum capital requirement |
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A state savings bank shall comply with the applicable minimum capital requirements of the Federal Deposit Insurance Corporation. The Commission may impose such additional minimum capital requirements as it deems necessary in order to insure the safe and sound operation of state savings banks. 1991, c. 230, § 6.1-194.116; 2010, c. 794 . |