58.1-1217 - State banks and national banks treated the same in matter of taxation.

§ 58.1-1217. State banks and national banks treated the same in matter oftaxation.

In the event that any state or local tax is held by a court of competentjurisdiction to be invalid in its application to national banks, as a class,such tax shall not thereafter be assessed against state banks.

(Code 1950, § 58-485.03; 1980, c. 578; 1984, c. 675.)