{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-1116.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-1116.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-1116.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-1116.html"}],"law_id":55786,"edition_id":1,"section_id":55786,"structure_id":14426,"section_number":"6.2-1116","catch_line":"Corporation name","history":"Code 1950, \u00a7 6-201.9; 1960, c. 402; 1966, c. 584, \u00a7 6.1-134; 1972, c. 796, \u00a7 6.1-195.8; 1983, c. 387; 1985, c. 425, \u00a7 6.1-194.10; 1991, c. 230, \u00a7 6.1-194.112; 2010, c. 794.","full_text":"A\n\nEvery association incorporated under the laws of the Commonwealth shall have as a part of its corporate name the words “building and loan association” or “savings and loan association.” No state association shall use the words “savings bank” as part of its corporate name.B\n\nEvery savings bank incorporated under the laws of the Commonwealth shall have as a part of its corporate name the words “savings bank.”C\n\nThe provisions of subsection A of § 13.1-630 shall not apply to any association or state savings bank.","order_by":null,"text":{"0":{"id":204378,"text":"Every association incorporated under the laws of the Commonwealth shall have as a part of its corporate name the words “building and loan association” or “savings and loan association.” No state association shall use the words “savings bank” as part of its corporate name.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":204379,"text":"Every savings bank incorporated under the laws of the Commonwealth shall have as a part of its corporate name the words “savings bank.”","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":204380,"text":"The provisions of subsection A of § 13.1-630 shall not apply to any association or state savings bank.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B"}},"ancestry":[{"id":14426,"edition_id":1,"name":"Incorporation; Certificate of Authority; Corporate Administration","identifier":"2","label":"article","depth":4,"order_by":1,"parent_id":13490,"metadata":{},"date_created":"2026-06-26 03:48:06","date_modified":"2026-06-26 03:48:06","permalink":{"id":264161,"object_type":"structure","relational_id":14426,"identifier":"2","token":"6.2\/II\/11\/2","url":"\/6.2\/II\/11\/2\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13490,"edition_id":1,"name":"Savings Institutions","identifier":"11","label":"chapter","depth":3,"order_by":1,"parent_id":13000,"metadata":{},"date_created":"2026-06-26 03:45:01","date_modified":"2026-06-26 03:45:01","permalink":{"id":264101,"object_type":"structure","relational_id":13490,"identifier":"11","token":"6.2\/II\/11","url":"\/6.2\/II\/11\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13000,"edition_id":1,"name":"Depository Institutions and Trust Organizations","identifier":"II","label":"subtitle","depth":2,"order_by":1,"parent_id":12852,"metadata":{},"date_created":"2026-06-26 03:44:07","date_modified":"2026-06-26 03:44:07","permalink":{"id":263685,"object_type":"structure","relational_id":13000,"identifier":"II","token":"6.2\/II","url":"\/6.2\/II\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12852,"edition_id":1,"name":"Financial Institutions and Services","identifier":"6.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:56","date_modified":"2026-06-26 03:43:56","permalink":{"id":263249,"object_type":"structure","relational_id":12852,"identifier":"6.2","token":"6.2","url":"\/6.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":67165,"structure_id":14426,"section_number":"6.2-1114","catch_line":"Application of Virginia Stock Corporation Act and Virginia Nonstock Corporation Act","url":"\/6.2-1114\/","token":"6.2\/II\/11\/2\/6.2-1114","metadata":false},{"id":67065,"structure_id":14426,"section_number":"6.2-1115","catch_line":"Formation of state savings institutions","url":"\/6.2-1115\/","token":"6.2\/II\/11\/2\/6.2-1115","metadata":false},{"id":55786,"structure_id":14426,"section_number":"6.2-1116","catch_line":"Corporation name","url":"\/6.2-1116\/","token":"6.2\/II\/11\/2\/6.2-1116","metadata":false},{"id":86871,"structure_id":14426,"section_number":"6.2-1117","catch_line":"Par value of shares; payment of shares; reacquisitions of shares or acceptance thereof as security; how subscriptions to stock to be paid; disposition of money received before institution opens; stock option plans","url":"\/6.2-1117\/","token":"6.2\/II\/11\/2\/6.2-1117","metadata":false},{"id":57320,"structure_id":14426,"section_number":"6.2-1118","catch_line":"Certificate of authority to do business","url":"\/6.2-1118\/","token":"6.2\/II\/11\/2\/6.2-1118","metadata":false},{"id":83031,"structure_id":14426,"section_number":"6.2-1119","catch_line":"Commissions and other fees for sale of stock not permitted","url":"\/6.2-1119\/","token":"6.2\/II\/11\/2\/6.2-1119","metadata":false},{"id":73082,"structure_id":14426,"section_number":"6.2-1120","catch_line":"Minimum capital requirement","url":"\/6.2-1120\/","token":"6.2\/II\/11\/2\/6.2-1120","metadata":false},{"id":79467,"structure_id":14426,"section_number":"6.2-1121","catch_line":"Board of directors","url":"\/6.2-1121\/","token":"6.2\/II\/11\/2\/6.2-1121","metadata":false},{"id":82570,"structure_id":14426,"section_number":"6.2-1122","catch_line":"Meetings of board of directors","url":"\/6.2-1122\/","token":"6.2\/II\/11\/2\/6.2-1122","metadata":false},{"id":78474,"structure_id":14426,"section_number":"6.2-1123","catch_line":"Notice of meetings of members; determining members entitled to notice or to vote","url":"\/6.2-1123\/","token":"6.2\/II\/11\/2\/6.2-1123","metadata":false},{"id":73534,"structure_id":14426,"section_number":"6.2-1124","catch_line":"Voting rights; proxies","url":"\/6.2-1124\/","token":"6.2\/II\/11\/2\/6.2-1124","metadata":false},{"id":84832,"structure_id":14426,"section_number":"6.2-1125","catch_line":"Access to books and records; communication with members","url":"\/6.2-1125\/","token":"6.2\/II\/11\/2\/6.2-1125","metadata":false},{"id":69406,"structure_id":14426,"section_number":"6.2-1126","catch_line":"Audit of savings institution; report","url":"\/6.2-1126\/","token":"6.2\/II\/11\/2\/6.2-1126","metadata":false},{"id":82490,"structure_id":14426,"section_number":"6.2-1127","catch_line":"Bonds of officers and employees","url":"\/6.2-1127\/","token":"6.2\/II\/11\/2\/6.2-1127","metadata":false},{"id":70597,"structure_id":14426,"section_number":"6.2-1128","catch_line":"Loans to executive officers or directors","url":"\/6.2-1128\/","token":"6.2\/II\/11\/2\/6.2-1128","metadata":false},{"id":74367,"structure_id":14426,"section_number":"6.2-1129","catch_line":"Overdrafts by savings institution officers, directors or employees","url":"\/6.2-1129\/","token":"6.2\/II\/11\/2\/6.2-1129","metadata":false},{"id":63419,"structure_id":14426,"section_number":"6.2-1130","catch_line":"Reserves; surplus and undivided profits","url":"\/6.2-1130\/","token":"6.2\/II\/11\/2\/6.2-1130","metadata":false},{"id":56309,"structure_id":14426,"section_number":"6.2-1131","catch_line":"Liability of members of mutual savings institutions","url":"\/6.2-1131\/","token":"6.2\/II\/11\/2\/6.2-1131","metadata":false},{"id":60084,"structure_id":14426,"section_number":"6.2-1132","catch_line":"Mutual capital certificates","url":"\/6.2-1132\/","token":"6.2\/II\/11\/2\/6.2-1132","metadata":false}],"previous_section":{"id":67065,"structure_id":14426,"section_number":"6.2-1115","catch_line":"Formation of state savings institutions","url":"\/6.2-1115\/","token":"6.2\/II\/11\/2\/6.2-1115","metadata":false},"next_section":{"id":86871,"structure_id":14426,"section_number":"6.2-1117","catch_line":"Par value of shares; payment of shares; reacquisitions of shares or acceptance thereof as security; how subscriptions to stock to be paid; disposition of money received before institution opens; stock option plans","url":"\/6.2-1117\/","token":"6.2\/II\/11\/2\/6.2-1117","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-1116\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 7 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1960, chapter 402; in 1966, chapter 584; in 1972, chapter 796; in 1983, chapter 387; in 1985, chapter 425; in 1991, chapter 230; in 2010, chapter 794<\/a>.<\/p>","references":false,"refers_to":[{"id":71750,"section_number":"13.1-630","catch_line":"Corporate name","order_by":null,"url":"\/13.1-630\/"}],"permalink":{"id":264171,"object_type":"law","relational_id":55786,"identifier":"6.2-1116","token":"6.2\/II\/11\/2\/6.2-1116","url":"\/6.2-1116\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-1116\/","token":"6.2\/II\/11\/2\/6.2-1116","dublin_core":{"Title":"Corporation name","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-1116","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> Every association incorporated under the laws<\/span> of the Commonwealth shall have as a part of its corporate name the words “building and loan association” or “savings and loan association.” No state association<\/span> shall use the words “savings bank<\/span>” as part of its corporate name. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> Every savings bank<\/span> incorporated under the laws<\/span> of the Commonwealth shall have as a part of its corporate name the words “savings bank<\/span>.” <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> The provisions of subsection A of § 13.1-630<\/a> shall not apply to any association or state savings bank<\/span>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nCORPORATION NAME (\u00a7 6.2-1116)\n\nA. Every association incorporated under the laws of the Commonwealth shall have\nas a part of its corporate name the words “building and loan\nassociation” or “savings and loan association.” No state\nassociation shall use the words “savings bank” as part of its\ncorporate name.\n\nB. Every savings bank incorporated under the laws of the Commonwealth shall have\nas a part of its corporate name the words “savings bank.”\n\nC. The provisions of subsection A of § 13.1-630 shall not apply to any\nassociation or state savings bank.\n\nHISTORY: Code 1950, \u00a7 6-201.9; 1960, c. 402; 1966, c. 584, \u00a7 6.1-134; 1972, c.\n796, \u00a7 6.1-195.8; 1983, c. 387; 1985, c. 425, \u00a7 6.1-194.10; 1991, c. 230, \u00a7\n6.1-194.112; 2010, c. 794.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}