Va. Code Ann. § 6.2-804
This is the official text of Va. Code Ann. § 6.2-804, 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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Amendment of powers of state banks by regulation of the Commission
Official statutory text
A. In addition to the powers specifically granted to banks by the provisions of this chapter, the Commission may by regulation amend the powers of state banks so as to allow such state banks to engage in any activity in which a bank subject to the jurisdiction of the federal government may be authorized by federal legislation or regulation to engage.
B. The Commission, by regulation, may specify the activities that are permitted to be conducted at a location that is not authorized as a branch under § 6.2-831 , in order to allow a state bank to engage in any activity in which a bank subject to the jurisdiction of the federal government may engage at a location other than a branch.
C. Regulations authorized by this section shall be adopted as provided in the Commission's Rules.
1968, c. 325, § 6.1-5.1; 1975, c. 81; 1987, c. 556; 1997, c. 111 ; 2010, c. 794 .
B. The Commission, by regulation, may specify the activities that are permitted to be conducted at a location that is not authorized as a branch under § 6.2-831 , in order to allow a state bank to engage in any activity in which a bank subject to the jurisdiction of the federal government may engage at a location other than a branch.
C. Regulations authorized by this section shall be adopted as provided in the Commission's Rules.
1968, c. 325, § 6.1-5.1; 1975, c. 81; 1987, c. 556; 1997, c. 111 ; 2010, c. 794 .
Status: in_force · Read it on the official government site
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