6.1-15 - (Repealed effective October 1, 2010) Commissions, fees, etc., for sale of stock not permitted.
§ 6.1-15. (Repealed effective October 1, 2010) Commissions, fees, etc., forsale of stock not permitted.
The State Corporation Commission shall not issue a certificate of authorityto any bank to commence business if commissions, fees, brokerage, or othercompensation, by whatever name it may be called, have been paid or contractedto be paid by the bank, or by anyone in its behalf, either directly orindirectly, to any person, partnership, association or corporation for thesale of stock in said bank.
(Code 1950, § 6-35; 1960, c. 276; 1966, c. 584.)