Va. Code Ann. § 6.2-601
This is the official text of Va. Code Ann. § 6.2-601, part of Virginia’s Code of Virginia — the complete compiled statutory law of Virginia, organized into 60+ numbered titles by subject.
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Federal insurance of deposits required for all banks or savings institutions
Official statutory text
Notwithstanding any other provisions contained in this title, no bank or savings institution doing business in the Commonwealth shall accept deposits unless its deposit accounts are insured by the Federal Deposit Insurance Corporation or other federal insurance agency, up to the limits of the insurance provided thereby. No bank or savings institution shall solicit deposits in the Commonwealth, nor shall any other person solicit or accept deposits in the Commonwealth on behalf of a bank or savings institution, unless the deposit accounts of such bank or savings institution are insured by the Federal Deposit Insurance Corporation or other federal insurance agency, up to the limits of the insurance provided thereby.
1986, c. 500, § 6.1-2.9:4; 1990, c. 3; 1996, c. 16 ; 2010, c. 794 .
1986, c. 500, § 6.1-2.9:4; 1990, c. 3; 1996, c. 16 ; 2010, c. 794 .
Status: in_force · Read it on the official government site
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