Code of Virginia (Last Updated:July 28, 2020) |
TITLE 6.2. Financial Institutions and Services |
SUBTITLE II. Depository Institutions and Trust Organizations |
CHAPTER 8. Banks |
ARTICLE 8. Directors and Officers; Dividends |
SECTION 6.2-867. Discount by officer, director, or employee of paper refused by bank |
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. Code 1950, § 6-44; 1966, c. 584, § 6.1-53; 2010, c. 794 . |