6.1-44.20 - (Repealed effective October 1, 2010) Conditions for interstate merger.
§ 6.1-44.20. (Repealed effective October 1, 2010) Conditions for interstatemerger.
An interstate merger transaction involving a Virginia bank shall not beconsummated, and any out-of-state bank resulting from such a merger shall notoperate any branch in Virginia, if the Commission finds that the laws of thehome state of any out-of-state bank involved in the interstate mergertransaction do not permit interstate merger transactions or finds that theresulting out-of-state bank has not complied with all applicable requirementsof Virginia law.
(1995, c. 301.)