{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-1145.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-1145.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-1145.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-1145.html"}],"law_id":75638,"edition_id":1,"section_id":75638,"structure_id":14228,"section_number":"6.2-1145","catch_line":"Merger or consolidation of savings institutions","history":"Code 1950, \u00a7 6-201.42; 1960, c. 402; 1966, c. 584, \u00a7 6.1-172; 1972, c. 796, \u00a7 6.1-195.51; 1982, c. 211; 1985, c. 425, \u00a7 6.1-194.39; 1988, c. 3; 1991, c. 230, \u00a7 6.1-194.130; 2010, c. 794.","full_text":"A\n\nTwo 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\n\nTwo 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\n\nThe 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.","order_by":null,"text":{"0":{"id":271657,"text":"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.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":271658,"text":"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.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":271659,"text":"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.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B"}},"ancestry":[{"id":14228,"edition_id":1,"name":"Conversions, Reorganizations, Mergers, and Acquisitions","identifier":"4","label":"article","depth":4,"order_by":1,"parent_id":13490,"metadata":{},"date_created":"2026-06-26 03:47:23","date_modified":"2026-06-26 03:47:23","permalink":{"id":264265,"object_type":"structure","relational_id":14228,"identifier":"4","token":"6.2\/II\/11\/4","url":"\/6.2\/II\/11\/4\/","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":55893,"structure_id":14228,"section_number":"6.2-1139","catch_line":"Conversion from mutual savings institution to stock institution","url":"\/6.2-1139\/","token":"6.2\/II\/11\/4\/6.2-1139","metadata":false},{"id":77083,"structure_id":14228,"section_number":"6.2-1140","catch_line":"Reorganization of mutual association into mutual holding company; approval by Commissioner; powers; issuance of stock","url":"\/6.2-1140\/","token":"6.2\/II\/11\/4\/6.2-1140","metadata":false},{"id":68986,"structure_id":14228,"section_number":"6.2-1141","catch_line":"Conversion of state savings institution into federal financial institution","url":"\/6.2-1141\/","token":"6.2\/II\/11\/4\/6.2-1141","metadata":false},{"id":81364,"structure_id":14228,"section_number":"6.2-1142","catch_line":"Conversion of federal financial institution into state savings institution or state bank","url":"\/6.2-1142\/","token":"6.2\/II\/11\/4\/6.2-1142","metadata":false},{"id":61360,"structure_id":14228,"section_number":"6.2-1143","catch_line":"Conversion from state savings bank to state association; conversion from state association to state savings bank","url":"\/6.2-1143\/","token":"6.2\/II\/11\/4\/6.2-1143","metadata":false},{"id":66708,"structure_id":14228,"section_number":"6.2-1144","catch_line":"Conversion from stock savings institution to bank","url":"\/6.2-1144\/","token":"6.2\/II\/11\/4\/6.2-1144","metadata":false},{"id":75638,"structure_id":14228,"section_number":"6.2-1145","catch_line":"Merger or consolidation of savings institutions","url":"\/6.2-1145\/","token":"6.2\/II\/11\/4\/6.2-1145","metadata":false},{"id":65808,"structure_id":14228,"section_number":"6.2-1146","catch_line":"State association or association holding company acquiring bank; association acquired by bank or bank holding company; merger or consolidation of association and bank","url":"\/6.2-1146\/","token":"6.2\/II\/11\/4\/6.2-1146","metadata":false},{"id":55449,"structure_id":14228,"section_number":"6.2-1147","catch_line":"Acquisition of control of state stock institution requires Commission approval","url":"\/6.2-1147\/","token":"6.2\/II\/11\/4\/6.2-1147","metadata":false}],"previous_section":{"id":66708,"structure_id":14228,"section_number":"6.2-1144","catch_line":"Conversion from stock savings institution to bank","url":"\/6.2-1144\/","token":"6.2\/II\/11\/4\/6.2-1144","metadata":false},"next_section":{"id":65808,"structure_id":14228,"section_number":"6.2-1146","catch_line":"State association or association holding company acquiring bank; association acquired by bank or bank holding company; merger or consolidation of association and bank","url":"\/6.2-1146\/","token":"6.2\/II\/11\/4\/6.2-1146","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-1145\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 8 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 1982, chapter 211; in 1985, chapter 425; in 1988, chapter 3; in 1991, chapter 230; in 2010, chapter 794<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":264291,"object_type":"law","relational_id":75638,"identifier":"6.2-1145","token":"6.2\/II\/11\/4\/6.2-1145","url":"\/6.2-1145\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-1145\/","token":"6.2\/II\/11\/4\/6.2-1145","dublin_core":{"Title":"Merger or consolidation of savings institutions","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-1145","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> Two or more mutual savings institutions<\/span> or two or more stock institutions<\/span> may merge, subject to the approval of the Commission<\/span>, when the Commission<\/span> finds that the merger will be in the public interest and in accordance with applicable laws<\/span> and regulations. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> Two or more state savings banks<\/span> may consolidate or merge, subject to the approval of the Commission<\/span>, when the Commission<\/span> finds that the capital of the resulting institution will be sufficient to warrant successful operation, and that the merger or consolidation<\/span> will be in the public interest and in accordance with applicable laws<\/span> and regulations. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> The order<\/span> approving the merger shall specify which office is to be the main office<\/span> and which office or offices may be operated as branch offices<\/span>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nMERGER OR CONSOLIDATION OF SAVINGS INSTITUTIONS (\u00a7 6.2-1145)\n\nA. Two or more mutual savings institutions or two or more stock institutions may\nmerge, subject to the approval of the Commission, when the Commission finds that\nthe merger will be in the public interest and in accordance with applicable laws\nand regulations.\n\nB. Two or more state savings banks may consolidate or merge, subject to the\napproval of the Commission, when the Commission finds that the capital of the\nresulting institution will be sufficient to warrant successful operation, and\nthat the merger or consolidation will be in the public interest and in\naccordance with applicable laws and regulations.\n\nC. The order approving the merger shall specify which office is to be the main\noffice and which office or offices may be operated as branch offices.\n\nHISTORY: Code 1950, \u00a7 6-201.42; 1960, c. 402; 1966, c. 584, \u00a7 6.1-172; 1972,\nc. 796, \u00a7 6.1-195.51; 1982, c. 211; 1985, c. 425, \u00a7 6.1-194.39; 1988, c. 3;\n1991, c. 230, \u00a7 6.1-194.130; 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}}