Va. Code Ann. § 6.2-708
This is the official text of Va. Code Ann. § 6.2-708, 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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Unsafe or unsound practices; cease and desist orders
Official statutory text
Upon finding that any activity of a financial institution holding company, including the control of an entity other than a Virginia financial institution, is or may be detrimental to the safety or soundness of a financial institution that is subject to regulation under the laws of the Commonwealth, the Commission, after reasonable notice to the financial institution holding company and an opportunity for it to be heard, shall have authority to order it to cease and desist from such activity.
1978, c. 683, § 6.1-385; 2010, c. 794 .
1978, c. 683, § 6.1-385; 2010, c. 794 .
Status: in_force · Read it on the official government site
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