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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 7. Acquisitions of Interests in Financial Institutions |
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SECTION 6.2-703. Acquisition of interest in entity other than financial institution by financial institutions |
SECTION 6.2-703. Acquisition of interest in entity other than financial institution by financial institutions
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No financial institution shall acquire more than five percent of the voting shares or otherwise gain control of any entity other than a financial institution without prior notice to the Commission. 1978, c. 683, § 6.1-383; 1983, cc. 193, 194; 2010, c. 794 . |