§ 6.2-849 Definitions
As used in this article, unless a different meaning is required: “Bank” has the meaning assigned to it in 12 U.S.C. § 1813 (a) (1) of the Federal Deposit Insurance Company Act of 1956 (12 U.S.C. § 1811 et seq.), as amended. “Home state” has the meaning assigned to it in § 6.2-836. “Host state” has the meaning assigned to it in § 6.2-836. “Interstate merger transaction” means:
1. The merger or consolidation of banks with different home states, and the conversion of branches of any bank involved in the merger or consolidation to branches of the resulting bank; or
2. The purchase of all, or substantially all, of the assets of a bank whose home state is different than the home state of the acquiring bank. “Out-of-state bank” has the meaning assigned to it in § 6.2-836. “Out-of-state state bank” has the meaning assigned to it in § 6.2-836. “Resulting bank” means a bank that has resulted from an interstate merger transaction under this article. “Virginia bank” means a bank whose home state is Virginia. “Virginia state bank” has the meaning assigned to it in § 6.2-836.
History
This law was first created in 1995. The record of its establishment is cataloged in chapter 301 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year. It has been modified 1 time. Those modifications are cataloged by “The Acts of Assembly,” a state publication, by year and chapter. Those modifications that can be read on the General Assembly’s website will be linked accordingly. That modification is as follows: in 2010, chapter 794.
1995, c. 301, § 6.1-44.16; 2010, c. 794.