Source: https://law.lis.virginia.gov/admincodeexpand/title10/agency5/chapter20/
Timestamp: 2019-06-18 09:32:22
Document Index: 136103361

Matched Legal Cases: ['§ 6', '§ 6', '§ 6', '§ 6', '§ 6', '§ 6', '§ 6', '§ 6', '§ 1468', '§ 6', '§ 6', '§ 13', '§ 6', '§ 13', '§ 6']

Chapter 20. Banking and Savings Institutions
10VAC5-20-10. Interest rate for state-chartered banks.
State-chartered banks in Virginia may take, receive, reserve and charge on any loan or discount made at a rate of 1.0% above the discount rate on 90 day commercial paper now and hereafter in effect at the Federal Reserve Bank for the Fifth Federal Reserve District, and they hereby are so empowered.
§ 6.2-310 of the Code of Virginia.
Derived from VR225-01-0201, eff. July 25, 1978.
The percentage of reserves to be maintained against deposits, as established in accordance with § 6.2-889 of the Code of Virginia, shall be: 0.0% against demand deposits, and 0.0% against time deposits.
§§ 6.2-889 and 12.1-13 of the Code of Virginia.
Derived from VR225-01-0203, eff. July 1, 1981; amended, Virginia Register Volume 28, Issue 1, eff. September 1, 2011.
Pursuant to the provisions of §§ 6.2-908 and 6.2-1202 of the Code of Virginia, the State Corporation Commission hereby sets the following schedule of annual fees to be paid by state-chartered banks, savings institutions, and savings banks for their examination, supervision, and regulation:
§§ 6.2-908,6.2-1202, and 12.1-13 of the Code of Virginia.
Derived from VR225-01-0204, eff. June 27, 1990; amended, Virginia Register Volume 17, Issue 22, eff. June 27, 2001; Volume 24, Issue 22, eff. June 23, 2008; Volume 28, Issue 1, eff. September 1, 2011.
Pursuant to § 6.2-1192 of the Code of Virginia, a state savings bank shall not be required to have as a part of its corporate name the word "savings," regardless of §§ 6.2-939, 6.2-1040, and 6.2-1116 of the Code of Virginia. Further, a state savings bank shall be deemed in compliance with the investment in "real estate loans" requirement of § 6.2-1179 if it meets the "qualified thrift lender test" set forth in 12 USC § 1468a(m)(1)(B).
§§ 6.2-1192 and 12.1-13 of the Code of Virginia.
Derived from Virginia Register Volume 18, Issue 9, eff. December 20, 2001; amended, Virginia Register Volume 28, Issue 1, eff. September 1, 2011.
A. Conversion authorized. As authorized by § 6.2-1139 of the Code of Virginia, a state mutual savings and loan association may convert to a stock association in accordance with this section, the Virginia Non-Stock Corporation Act (§ 13.1-801 et seq. of the Code of Virginia), and regulations promulgated by the federal Office of Thrift Supervision (OTS) relating to mutual-to-stock conversions.
Conduct of the special meeting and voting on the proposed amendments to the articles of incorporation shall be governed by the applicable provisions of the Non-Stock Corporation Act. Voting rights of members shall be determined in accordance with § 6.2-1124 of the Code of Virginia. The plan of conversion shall be approved in accordance with § 13.1-886 D of the Code of Virginia, and a certified copy of the minutes of the special meeting shall be filed promptly with the bureau.
§§ 6.2-1139 and 12.1-13 of the Code of Virginia.
Derived from Virginia Register Volume 22, Issue 3, eff. September 30, 2005; amended, Virginia Register Volume 28, Issue 1, eff. September 1, 2011.