{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-1196.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-1196.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-1196.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-1196.html"}],"law_id":54871,"edition_id":1,"section_id":54871,"structure_id":13751,"section_number":"6.2-1196","catch_line":"Access to books and evidence of debt; examination of directors, officers, and employees under oath","history":"Code 1950, \u00a7 6-201.56; 1960, c. 402; 1966, c. 584, \u00a7 6.1-186; 1972, c. 796, \u00a7 6.1-195.66; 1985, c. 425, \u00a7 6.1-194.80; 1991, c. 230, \u00a7 6.1-194.146; 2010, c. 794.","full_text":"A\n\nThe officers, directors, and employees of every savings institution doing business in the Commonwealth shall, upon the demand of the person designated by law to make any examination of the institution:1\n\nGive to such examiner full access to all money, books, papers, notes, bills, and other evidence of debt of the savings institution;2\n\nDisclose fully and truly all of its indebtedness and liability; and3\n\nFurnish the examiner with all information that the examiner deems necessary to a full investigation into the affairs of the savings institution.B\n\nThe Commission may examine under oath any and all of the directors, officers, clerks, and employees of a savings institution touching any matter or thing connected with the operation of the savings institution. Any duly authorized examiner shall have the authority to administer oaths to the persons examined.","order_by":null,"text":{"0":{"id":201310,"text":"The officers, directors, and employees of every savings institution doing business in the Commonwealth shall, upon the demand of the person designated by law to make any examination of the institution:","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"A1"},"1":{"id":201311,"text":"Give to such examiner full access to all money, books, papers, notes, bills, and other evidence of debt of the savings institution;","type":"section","prefixes":["A","1"],"prefix":"1","entire_prefix":"A1","prefix_anchor":"A1","level":2,"prior_prefix":"A","next_prefix":"A2"},"2":{"id":201312,"text":"Disclose fully and truly all of its indebtedness and liability; and","type":"section","prefixes":["A","2"],"prefix":"2","entire_prefix":"A2","prefix_anchor":"A2","level":2,"prior_prefix":"A1","next_prefix":"A3"},"3":{"id":201313,"text":"Furnish the examiner with all information that the examiner deems necessary to a full investigation into the affairs of the savings institution.","type":"section","prefixes":["A","3"],"prefix":"3","entire_prefix":"A3","prefix_anchor":"A3","level":2,"prior_prefix":"A2","next_prefix":"B"},"4":{"id":201314,"text":"The Commission may examine under oath any and all of the directors, officers, clerks, and employees of a savings institution touching any matter or thing connected with the operation of the savings institution. Any duly authorized examiner shall have the authority to administer oaths to the persons examined.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A3"}},"ancestry":[{"id":13751,"edition_id":1,"name":"Supervision","identifier":"9","label":"article","depth":4,"order_by":1,"parent_id":13490,"metadata":{},"date_created":"2026-06-26 03:45:46","date_modified":"2026-06-26 03:45:46","permalink":{"id":264483,"object_type":"structure","relational_id":13751,"identifier":"9","token":"6.2\/II\/11\/9","url":"\/6.2\/II\/11\/9\/","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":57271,"structure_id":13751,"section_number":"6.2-1191","catch_line":"General supervisory powers of Commission","url":"\/6.2-1191\/","token":"6.2\/II\/11\/9\/6.2-1191","metadata":false},{"id":58058,"structure_id":13751,"section_number":"6.2-1192","catch_line":"Regulations","url":"\/6.2-1192\/","token":"6.2\/II\/11\/9\/6.2-1192","metadata":false},{"id":54754,"structure_id":13751,"section_number":"6.2-1193","catch_line":"Statements to be furnished by Commission to directors of savings institutions","url":"\/6.2-1193\/","token":"6.2\/II\/11\/9\/6.2-1193","metadata":false},{"id":76799,"structure_id":13751,"section_number":"6.2-1194","catch_line":"State savings institutions to furnish financial statements and reports","url":"\/6.2-1194\/","token":"6.2\/II\/11\/9\/6.2-1194","metadata":false},{"id":82129,"structure_id":13751,"section_number":"6.2-1195","catch_line":"Examination of state savings institutions and affiliates by Commissioner; report of examination","url":"\/6.2-1195\/","token":"6.2\/II\/11\/9\/6.2-1195","metadata":false},{"id":54871,"structure_id":13751,"section_number":"6.2-1196","catch_line":"Access to books and evidence of debt; examination of directors, officers, and employees under oath","url":"\/6.2-1196\/","token":"6.2\/II\/11\/9\/6.2-1196","metadata":false},{"id":69518,"structure_id":13751,"section_number":"6.2-1197","catch_line":"False statements; penalty","url":"\/6.2-1197\/","token":"6.2\/II\/11\/9\/6.2-1197","metadata":false},{"id":62949,"structure_id":13751,"section_number":"6.2-1198","catch_line":"Audits","url":"\/6.2-1198\/","token":"6.2\/II\/11\/9\/6.2-1198","metadata":false},{"id":60843,"structure_id":13751,"section_number":"6.2-1199","catch_line":"Powers of Commission in case of nonobservance of law, noncompliance with orders, insufficient reserves or insolvency; appointment of Federal Deposit Insurance Corporation as receiver","url":"\/6.2-1199\/","token":"6.2\/II\/11\/9\/6.2-1199","metadata":false},{"id":85960,"structure_id":13751,"section_number":"6.2-1200","catch_line":"Removal of director or officer; appeal; penalty for acting after removal","url":"\/6.2-1200\/","token":"6.2\/II\/11\/9\/6.2-1200","metadata":false},{"id":68119,"structure_id":13751,"section_number":"6.2-1201","catch_line":"Special examinations","url":"\/6.2-1201\/","token":"6.2\/II\/11\/9\/6.2-1201","metadata":false},{"id":77126,"structure_id":13751,"section_number":"6.2-1202","catch_line":"Fees for supervision and regulation; investigations","url":"\/6.2-1202\/","token":"6.2\/II\/11\/9\/6.2-1202","metadata":false},{"id":74032,"structure_id":13751,"section_number":"6.2-1203","catch_line":"Examination of persons believed to be doing business without authority; doing business without authority; penalty","url":"\/6.2-1203\/","token":"6.2\/II\/11\/9\/6.2-1203","metadata":false},{"id":64847,"structure_id":13751,"section_number":"6.2-1204","catch_line":"Compliance by savings institution holding companies with federal regulations constitutes compliance with Commission regulations","url":"\/6.2-1204\/","token":"6.2\/II\/11\/9\/6.2-1204","metadata":false},{"id":61378,"structure_id":13751,"section_number":"6.2-1205","catch_line":"Merger, consolidation or transfer of assets of insolvent or financially unstable savings institution; notice and hearing; final order; priorities; examinations of resulting institutions","url":"\/6.2-1205\/","token":"6.2\/II\/11\/9\/6.2-1205","metadata":false}],"previous_section":{"id":82129,"structure_id":13751,"section_number":"6.2-1195","catch_line":"Examination of state savings institutions and affiliates by Commissioner; report of examination","url":"\/6.2-1195\/","token":"6.2\/II\/11\/9\/6.2-1195","metadata":false},"next_section":{"id":69518,"structure_id":13751,"section_number":"6.2-1197","catch_line":"False statements; penalty","url":"\/6.2-1197\/","token":"6.2\/II\/11\/9\/6.2-1197","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-1196\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 6 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 1985, chapter 425; in 1991, chapter 230; in 2010, chapter 794<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":264505,"object_type":"law","relational_id":54871,"identifier":"6.2-1196","token":"6.2\/II\/11\/9\/6.2-1196","url":"\/6.2-1196\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-1196\/","token":"6.2\/II\/11\/9\/6.2-1196","dublin_core":{"Title":"Access to books and evidence of debt; examination of directors, officers, and employees under oath","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-1196","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> The officers, directors, and employees of every savings institution<\/span> doing business in the Commonwealth shall, upon the demand of the person<\/span> designated by law<\/span> to make any examination of the institution: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> Give to such examiner full access to all money, books, papers, notes, bills, and other evidence<\/span> of debt of the savings institution<\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Disclose fully and truly all of its indebtedness and liability; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> Furnish the examiner with all information that the examiner deems necessary to a full investigation into the affairs of the savings institution<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> The Commission<\/span> may examine under oath<\/span> any and all of the directors, officers, clerks, and employees of a savings institution<\/span> touching any matter or thing connected with the operation of the savings institution<\/span>. Any duly authorized examiner shall have the authority to administer oaths<\/span> to the persons<\/span> examined. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nACCESS TO BOOKS AND EVIDENCE OF DEBT; EXAMINATION OF DIRECTORS, OFFICERS, AND\nEMPLOYEES UNDER OATH (\u00a7 6.2-1196)\n\nA. The officers, directors, and employees of every savings institution doing\nbusiness in the Commonwealth shall, upon the demand of the person designated by\nlaw to make any examination of the institution:\n\n 1. Give to such examiner full access to all money, books, papers, notes,\n bills, and other evidence of debt of the savings institution;\n\n 2. Disclose fully and truly all of its indebtedness and liability; and\n\n 3. Furnish the examiner with all information that the examiner deems necessary\n to a full investigation into the affairs of the savings institution.\n\nB. The Commission may examine under oath any and all of the directors, officers,\nclerks, and employees of a savings institution touching any matter or thing\nconnected with the operation of the savings institution. Any duly authorized\nexaminer shall have the authority to administer oaths to the persons examined.\n\nHISTORY: Code 1950, \u00a7 6-201.56; 1960, c. 402; 1966, c. 584, \u00a7 6.1-186; 1972,\nc. 796, \u00a7 6.1-195.66; 1985, c. 425, \u00a7 6.1-194.80; 1991, c. 230, \u00a7\n6.1-194.146; 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}}