Va. Code § 6.2-1120

Current with changes from the 2024 legislative session through ch. 845

Section 6.2-1120 - Minimum capital requirement

A state savings bank shall comply with the applicable minimum capital requirements of the Federal Deposit Insurance Corporation. The Commission may impose such additional minimum capital requirements as it deems necessary in order to insure the safe and sound operation of state savings banks.

Va. Code § 6.2-1120

1991, c. 230, § 6.1-194.116; 2010, c. 794.

Amended by Acts 2010, § c. 794.

Amended by Acts 1991, § c. 230, § 6.1-194.116.