{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-707.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-707.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-707.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-707.html"}],"law_id":72788,"edition_id":1,"section_id":72788,"structure_id":13877,"section_number":"6.2-707","catch_line":"Reports and examinations","history":"1978, c. 683, \u00a7 6.1-384; 1983, c. 194; 2010, c. 794.","full_text":"The Commission may require any financial institution holding company that controls a Virginia financial institution to furnish such reports as it deems appropriate to the proper supervision of such holding companies. Unless the Commission determines otherwise, reports prepared for federal authorities may be submitted by such holding company in satisfaction of the requirements of this section. If, in the judgment of the Commission, such information and reports are inadequate for the Commission’s intended purposes, the Commission may examine any such financial institution holding company and any subsidiary doing business in the Commonwealth.","order_by":null,"text":{"0":{"id":262158,"text":"The Commission may require any financial institution holding company that controls a Virginia financial institution to furnish such reports as it deems appropriate to the proper supervision of such holding companies. Unless the Commission determines otherwise, reports prepared for federal authorities may be submitted by such holding company in satisfaction of the requirements of this section. If, in the judgment of the Commission, such information and reports are inadequate for the Commission’s intended purposes, the Commission may examine any such financial institution holding company and any subsidiary doing business in the Commonwealth.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":13877,"edition_id":1,"name":"Acquisitions of Interests in Financial Institutions","identifier":"7","label":"chapter","depth":3,"order_by":1,"parent_id":13000,"metadata":{},"date_created":"2026-06-26 03:46:09","date_modified":"2026-06-26 03:46:09","permalink":{"id":264999,"object_type":"structure","relational_id":13877,"identifier":"7","token":"6.2\/II\/7","url":"\/6.2\/II\/7\/","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":75055,"structure_id":13877,"section_number":"6.2-700","catch_line":"Definitions","url":"\/6.2-700\/","token":"6.2\/II\/7\/6.2-700","metadata":false},{"id":60495,"structure_id":13877,"section_number":"6.2-701","catch_line":"Presumptions regarding control of entities, ownership of shares, and activities of subsidiaries or other entities","url":"\/6.2-701\/","token":"6.2\/II\/7\/6.2-701","metadata":false},{"id":54906,"structure_id":13877,"section_number":"6.2-702","catch_line":"Registration; 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reports; joint actions","url":"\/6.2-714\/","token":"6.2\/II\/7\/6.2-714","metadata":false},{"id":73214,"structure_id":13877,"section_number":"6.2-715","catch_line":"Notice of intent to acquire out-of-state bank","url":"\/6.2-715\/","token":"6.2\/II\/7\/6.2-715","metadata":false}],"previous_section":{"id":87334,"structure_id":13877,"section_number":"6.2-706","catch_line":"Cooperative agreements with other regulatory authorities","url":"\/6.2-706\/","token":"6.2\/II\/7\/6.2-706","metadata":false},"next_section":{"id":70385,"structure_id":13877,"section_number":"6.2-708","catch_line":"Unsafe or unsound practices; cease and desist orders","url":"\/6.2-708\/","token":"6.2\/II\/7\/6.2-708","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-707\/","history_text":"

This law was first created in 1978. The record of its establishment is cataloged in chapter 683 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1978 \u201cActs\u201d aren\u2019t available online. It has been modified 2 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 1983, chapter 194; in 2010, chapter 794<\/a>.<\/p>","references":[{"id":81309,"section_number":"6.2-711","catch_line":"Civil penalties; injunction","order_by":null,"url":"\/6.2-711\/"}],"refers_to":false,"permalink":{"id":265029,"object_type":"law","relational_id":72788,"identifier":"6.2-707","token":"6.2\/II\/7\/6.2-707","url":"\/6.2-707\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-707\/","token":"6.2\/II\/7\/6.2-707","dublin_core":{"Title":"Reports and examinations","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-707","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

The Commission<\/span> may require any financial institution holding company<\/span> that controls a Virginia financial institution<\/span> to furnish such reports as it deems appropriate to the proper supervision of such holding companies. Unless the Commission<\/span> determines otherwise, reports prepared for federal authorities may be submitted by such holding company in satisfaction of the requirements of this section. If, in the judgment<\/span> of the Commission<\/span>, such information and reports are inadequate for the Commission<\/span>’s intended purposes, the Commission<\/span> may examine any such financial institution holding company<\/span> and any subsidiary<\/span> doing business in the Commonwealth.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nREPORTS AND EXAMINATIONS (\u00a7 6.2-707)\n\nThe Commission may require any financial institution holding company that\ncontrols a Virginia financial institution to furnish such reports as it deems\nappropriate to the proper supervision of such holding companies. Unless the\nCommission determines otherwise, reports prepared for federal authorities may be\nsubmitted by such holding company in satisfaction of the requirements of this\nsection. If, in the judgment of the Commission, such information and reports are\ninadequate for the Commission’s intended purposes, the Commission may\nexamine any such financial institution holding company and any subsidiary doing\nbusiness in the Commonwealth.\n\nHISTORY: 1978, c. 683, \u00a7 6.1-384; 1983, c. 194; 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}}