Current with changes from the 2024 legislative session through ch. 845
Section 6.2-1145 - Merger or consolidation of savings institutionsA. Two or more mutual savings institutions or two or more stock institutions may merge, subject to the approval of the Commission, when the Commission finds that the merger will be in the public interest and in accordance with applicable laws and regulations.B. Two or more state savings banks may consolidate or merge, subject to the approval of the Commission, when the Commission finds that the capital of the resulting institution will be sufficient to warrant successful operation, and that the merger or consolidation will be in the public interest and in accordance with applicable laws and regulations.C. The order approving the merger shall specify which office is to be the main office and which office or offices may be operated as branch offices.Code 1950, § 6-201.42; 1960, c. 402; 1966, c. 584, § 6.1-172; 1972, c. 796, § 6.1-195.51; 1982, c. 211; 1985, c. 425, § 6.1-194.39; 1988, c. 3; 1991, c. 230, § 6.1-194.130; 2010, c. 794.Amended by Acts 2010, § c. 794.Amended by Acts 1991, § c. 230, § 6.1-194.130.Amended by Acts 1988, § c. 3.Amended by Acts 1985, § c. 425, § 6.1-194.39.Amended by Acts 1982, § c. 211.Amended by Acts 1972, § c. 796, § 6.1-195.51.Amended by Acts 1966, § c. 584, § 6.1-172.Amended by Acts 1960, § c. 402.