The Commission may adopt regulations excluding financial institution holding companies from the provisions of this chapter, under conditions comparable to those provided in either the Bank Holding Company Act of 1956 (12 U.S.C. § 1841 et seq.) or Section 10 of the Home Owners' Loan Act (12 U.S.C. § 1467a et seq.), when control of a Virginia financial institution arises (i) out of the acquisition of shares in a fiduciary capacity, (ii) in connection with an underwriting of securities or proxy solicitation, or (iii) in connection with securing or collecting a debt.
1978, c. 683, § 6.1-387; 1984, c. 335; 2010, c. 794.
Structure Code of Virginia
Title 6.2 - Financial Institutions and Services
Chapter 7 - Acquisitions of Interests in Financial Institutions
§ 6.2-702. Registration; authority to transact business
§ 6.2-705. Investigation of application
§ 6.2-706. Cooperative agreements with other regulatory authorities
§ 6.2-707. Reports and examinations
§ 6.2-708. Unsafe or unsound practices; cease and desist orders
§ 6.2-709. Conformity with federal forms
§ 6.2-710. Regulations excluding financial institution holding companies from this chapter
§ 6.2-711. Civil penalties; injunction