6.1-227 - (Repealed effective October 1, 2010) Incorporation and powers generally; use of certain names prohibited.
§ 6.1-227. (Repealed effective October 1, 2010) Incorporation and powersgenerally; use of certain names prohibited.
Industrial loan associations may be incorporated under the provisions of theVirginia Stock Corporation Act (§ 13.1-601 et seq.) and shall have all thegeneral powers and be subject to all the restrictions contained in that act,except as herein otherwise provided. But no such corporation need comply withthe provisions of subsection A of § 13.1-630.
No such corporation incorporated prior to July 1, 1960, shall use in itscorporate name or title, nor shall it do business under the name of "bank,""savings bank," "banker," "trust company," "trust" or other words ofsimilar import.
(Code 1950, §§ 6-242, 6-244; 1956, c. 433; 1958, c. 139; 1966, c. 584.)