{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-800.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-800.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-800.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-800.html"}],"law_id":86656,"edition_id":1,"section_id":86656,"structure_id":15241,"section_number":"6.2-800","catch_line":"Definitions","history":"Code 1950, \u00a7\u00a7 6-6, 6-27.1, 6-66; 1962, c. 404; 1966, c. 584, \u00a7\u00a7 6.1-4, 6.1-80; 1974, c. 665; 1982, c. 411; 1983, c. 453, \u00a7 6.1-11.2; 1987, c. 556; 1989, cc. 376, 650, \u00a7 6.1-6.1; 1993, cc. 182, 432; 1994, c. 7; 1996, cc. 218, 306; 2006, c. 633; 2010, c. 794; 2023, cc. 543, 544.","full_text":"As used in this chapter, unless the context requires a different meaning:\n\t\t“Bank” means a corporation authorized by statute to accept deposits and to hold itself out to the public as engaged in the banking business in the Commonwealth.\n\t\t“Bankers’ bank” means a bank whose shares are owned exclusively by either (i) financial institutions that have or are eligible for insurance of deposits by a federal agency or (ii) financial institution holding companies as defined in \u00a7 6.2-700 or savings institution holding companies as defined in \u00a7 6.2-1100 owning any financial institution described in clause (i), provided that no such financial institution or holding company owns, directly or indirectly, more than five percent of the issued and outstanding voting shares of any bankers’ bank.\n\t\t“Bank holding company” means any corporation (i) that directly or indirectly owns, controls, or holds with power to vote, 25 percent or more of the voting shares of one or more banks or of a corporation that is or becomes a bank holding company by virtue of this definition, (ii) that controls in any manner the election of a majority of the directors of one or more banks, or (iii) for the benefit of whose shareholders or members 25 percent or more of the voting shares of one or more banks or bank holding companies is held by trustees. For the purpose of this definition, any successor to any such corporation shall be deemed to be a bank holding company from the date as of which such successor corporation becomes a bank holding company. Notwithstanding the foregoing, (a) a bank shall not be a bank holding company by virtue of its ownership or control of shares in a fiduciary capacity except where such shares are held for the benefit of the shareholders of such banks, (b) a corporation shall not be a bank holding company by virtue of its ownership or control of its shares acquired by it in connection with its underwriting of securities and which are held only for such period of time as will permit the sale thereof upon a reasonable basis, (c) a corporation formed for the sole purpose of participating in a proxy solicitation shall not be a bank holding company by virtue of its control of voting rights or shares acquired in the course of such solicitation, and (d) a corporation shall not be a bank holding company if at least 80 percent of its total assets are composed of holdings in the field of agriculture.\n\t\t“Community and economic development entity” has the meaning assigned to it in 12 C.F.R. \u00a7 24.2.\n\t\t“Community-based economic development” means activities that (i) seek to address economic development through affordable housing development or the rehabilitation of qualified rehabilitated buildings or certified historic structures or (ii) seek to address economic causes of poverty in specific geographic areas by revitalizing the economic and social base of low-income communities through activities that include (a) small business and micro-enterprise support; (b) commercial, industrial, and retail revitalization, retention, and expansion; (c) capacity development and technical assistance support for community development corporations; (d) employment and training efforts; (e) human resource development; and (f) social service enterprises.\n\t\t“Community development corporation” means a private, nonprofit corporation whose board of directors is composed primarily of community representatives or business, civic, and community leaders and whose principal purpose includes the provision of housing, community-based economic development projects, and social services that primarily benefit low-income individuals and communities.\n\t\t“Community development project” has the meaning assigned to it in 12 C.F.R. \u00a7 24.2.\n\t\t“FDIC” means the Federal Deposit Insurance Corporation.\n\t\t“International banking facility” means a set of assets and liability accounts segregated on the books and records of the bank, or an adjacent or other subsidiary that includes only international banking facility time deposits and international banking facility extensions of credit. The facility may either be located within Virginia or outside the territorial United States. “International banking facility” has the meaning assigned to it by the laws of the United States or the regulations of the Board of Governors for the Federal Reserve System.\n\t\t“Public welfare investment” means any investment permitted by 12 C.F.R. \u00a7 24.3.\n\t\t“Rural business investment company” means a company that has been granted final approval by the U.S. Secretary of Agriculture and has entered a participation agreement with the Secretary under 7 U.S.C. \u00a7 2009cc-3(e).\n\t\t“State bank” means a bank incorporated under the laws of the Commonwealth and that has its principal place of business in the Commonwealth.\n\t\t“Tax equity finance transaction” has the meaning assigned to it in 12 C.F.R. \u00a7 7.1025(b).\n\t\t“Trust business” has the meaning assigned to it in \u00a7 6.2-1000.\n\t\t“Trust company” has the meaning assigned to it in \u00a7 6.2-1000.","order_by":null,"text":{"0":{"id":310331,"text":"As used in this chapter, unless the context requires a different meaning:\n\t\t“Bank” means a corporation authorized by statute to accept deposits and to hold itself out to the public as engaged in the banking business in the Commonwealth.\n\t\t“Bankers’ bank” means a bank whose shares are owned exclusively by either (i) financial institutions that have or are eligible for insurance of deposits by a federal agency or (ii) financial institution holding companies as defined in \u00a7 6.2-700 or savings institution holding companies as defined in \u00a7 6.2-1100 owning any financial institution described in clause (i), provided that no such financial institution or holding company owns, directly or indirectly, more than five percent of the issued and outstanding voting shares of any bankers’ bank.\n\t\t“Bank holding company” means any corporation (i) that directly or indirectly owns, controls, or holds with power to vote, 25 percent or more of the voting shares of one or more banks or of a corporation that is or becomes a bank holding company by virtue of this definition, (ii) that controls in any manner the election of a majority of the directors of one or more banks, or (iii) for the benefit of whose shareholders or members 25 percent or more of the voting shares of one or more banks or bank holding companies is held by trustees. For the purpose of this definition, any successor to any such corporation shall be deemed to be a bank holding company from the date as of which such successor corporation becomes a bank holding company. Notwithstanding the foregoing, (a) a bank shall not be a bank holding company by virtue of its ownership or control of shares in a fiduciary capacity except where such shares are held for the benefit of the shareholders of such banks, (b) a corporation shall not be a bank holding company by virtue of its ownership or control of its shares acquired by it in connection with its underwriting of securities and which are held only for such period of time as will permit the sale thereof upon a reasonable basis, (c) a corporation formed for the sole purpose of participating in a proxy solicitation shall not be a bank holding company by virtue of its control of voting rights or shares acquired in the course of such solicitation, and (d) a corporation shall not be a bank holding company if at least 80 percent of its total assets are composed of holdings in the field of agriculture.\n\t\t“Community and economic development entity” has the meaning assigned to it in 12 C.F.R. \u00a7 24.2.\n\t\t“Community-based economic development” means activities that (i) seek to address economic development through affordable housing development or the rehabilitation of qualified rehabilitated buildings or certified historic structures or (ii) seek to address economic causes of poverty in specific geographic areas by revitalizing the economic and social base of low-income communities through activities that include (a) small business and micro-enterprise support; (b) commercial, industrial, and retail revitalization, retention, and expansion; (c) capacity development and technical assistance support for community development corporations; (d) employment and training efforts; (e) human resource development; and (f) social service enterprises.\n\t\t“Community development corporation” means a private, nonprofit corporation whose board of directors is composed primarily of community representatives or business, civic, and community leaders and whose principal purpose includes the provision of housing, community-based economic development projects, and social services that primarily benefit low-income individuals and communities.\n\t\t“Community development project” has the meaning assigned to it in 12 C.F.R. \u00a7 24.2.\n\t\t“FDIC” means the Federal Deposit Insurance Corporation.\n\t\t“International banking facility” means a set of assets and liability accounts segregated on the books and records of the bank, or an adjacent or other subsidiary that includes only international banking facility time deposits and international banking facility extensions of credit. The facility may either be located within Virginia or outside the territorial United States. “International banking facility” has the meaning assigned to it by the laws of the United States or the regulations of the Board of Governors for the Federal Reserve System.\n\t\t“Public welfare investment” means any investment permitted by 12 C.F.R. \u00a7 24.3.\n\t\t“Rural business investment company” means a company that has been granted final approval by the U.S. Secretary of Agriculture and has entered a participation agreement with the Secretary under 7 U.S.C. \u00a7 2009cc-3(e).\n\t\t“State bank” means a bank incorporated under the laws of the Commonwealth and that has its principal place of business in the Commonwealth.\n\t\t“Tax equity finance transaction” has the meaning assigned to it in 12 C.F.R. \u00a7 7.1025(b).\n\t\t“Trust business” has the meaning assigned to it in \u00a7 6.2-1000.\n\t\t“Trust company” has the meaning assigned to it in \u00a7 6.2-1000.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":15241,"edition_id":1,"name":"General Provisions","identifier":"1","label":"article","depth":4,"order_by":1,"parent_id":13791,"metadata":{},"date_created":"2026-06-26 03:53:15","date_modified":"2026-06-26 03:53:15","permalink":{"id":265067,"object_type":"structure","relational_id":15241,"identifier":"1","token":"6.2\/II\/8\/1","url":"\/6.2\/II\/8\/1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13791,"edition_id":1,"name":"Banks","identifier":"8","label":"chapter","depth":3,"order_by":1,"parent_id":13000,"metadata":{},"date_created":"2026-06-26 03:45:53","date_modified":"2026-06-26 03:45:53","permalink":{"id":265065,"object_type":"structure","relational_id":13791,"identifier":"8","token":"6.2\/II\/8","url":"\/6.2\/II\/8\/","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":86656,"structure_id":15241,"section_number":"6.2-800","catch_line":"Definitions","url":"\/6.2-800\/","token":"6.2\/II\/8\/1\/6.2-800","metadata":false},{"id":76477,"structure_id":15241,"section_number":"6.2-801","catch_line":"Application of chapter","url":"\/6.2-801\/","token":"6.2\/II\/8\/1\/6.2-801","metadata":false},{"id":70709,"structure_id":15241,"section_number":"6.2-802","catch_line":"Effect of chapter on certain banks","url":"\/6.2-802\/","token":"6.2\/II\/8\/1\/6.2-802","metadata":false},{"id":58014,"structure_id":15241,"section_number":"6.2-803","catch_line":"Entities authorized to engage in banking business","url":"\/6.2-803\/","token":"6.2\/II\/8\/1\/6.2-803","metadata":false},{"id":67901,"structure_id":15241,"section_number":"6.2-804","catch_line":"Amendment of powers of state banks by regulation of the Commission","url":"\/6.2-804\/","token":"6.2\/II\/8\/1\/6.2-804","metadata":false},{"id":67968,"structure_id":15241,"section_number":"6.2-805","catch_line":"Commission authorized to confer on state banks power to make charges comparable to those permitted to national banking associations","url":"\/6.2-805\/","token":"6.2\/II\/8\/1\/6.2-805","metadata":false},{"id":76934,"structure_id":15241,"section_number":"6.2-806","catch_line":"Saturday closing of banks","url":"\/6.2-806\/","token":"6.2\/II\/8\/1\/6.2-806","metadata":false},{"id":75537,"structure_id":15241,"section_number":"6.2-807","catch_line":"Discoverability or admissibility of compliance review committee documents","url":"\/6.2-807\/","token":"6.2\/II\/8\/1\/6.2-807","metadata":false}],"next_section":{"id":76477,"structure_id":15241,"section_number":"6.2-801","catch_line":"Application of chapter","url":"\/6.2-801\/","token":"6.2\/II\/8\/1\/6.2-801","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-800\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 13 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 1962, chapter 404; in 1966, chapter 584; in 1974, chapter 665; in 1982, chapter 411; in 1983, chapter 453; in 1987, chapter 556; in 1989, chapters 376 and 650; in 1993, chapters 182 and 432; in 1994, chapter 7<\/a>; in 1996, chapters 218<\/a> and 306<\/a>; in 2006, chapter 633<\/a>; in 2010, chapter 794<\/a>; in 2023, chapters 543<\/a> and 544<\/a>.<\/p>","references":[{"id":87307,"section_number":"51.1-124.33","catch_line":"Deposit of trust funds not an investment; authorized deposits","order_by":null,"url":"\/51.1-124.33\/"},{"id":65489,"section_number":"6.2-1047","catch_line":"Definitions","order_by":null,"url":"\/6.2-1047\/"},{"id":82192,"section_number":"6.2-105","catch_line":"Reclassification or conversion of banking institution shares","order_by":null,"url":"\/6.2-105\/"},{"id":58761,"section_number":"6.2-1060","catch_line":"Trust subsidiaries to have same powers and restrictions as bank trust departments","order_by":null,"url":"\/6.2-1060\/"},{"id":81364,"section_number":"6.2-1142","catch_line":"Conversion of federal financial institution into state savings institution or state bank","order_by":null,"url":"\/6.2-1142\/"},{"id":84948,"section_number":"6.2-1405","catch_line":"Extent to which associations regarded as banks; conversion of certain associations to banks; new associations not authorized","order_by":null,"url":"\/6.2-1405\/"},{"id":81765,"section_number":"6.2-1602","catch_line":"Persons exempt from chapter","order_by":null,"url":"\/6.2-1602\/"},{"id":61230,"section_number":"6.2-300","catch_line":"Definitions","order_by":null,"url":"\/6.2-300\/"},{"id":60477,"section_number":"6.2-818.1","catch_line":"Virtual currency custody services by banks","order_by":null,"url":"\/6.2-818.1\/"},{"id":64096,"section_number":"6.2-862","catch_line":"Directors to own stock in bank","order_by":null,"url":"\/6.2-862\/"},{"id":75199,"section_number":"6.2-863","catch_line":"Oaths of directors","order_by":null,"url":"\/6.2-863\/"},{"id":63908,"section_number":"6.2-939","catch_line":"Unlawful use of terms indicating that business is bank; penalty","order_by":null,"url":"\/6.2-939\/"},{"id":83828,"section_number":"6.2-947","catch_line":"Definitions","order_by":null,"url":"\/6.2-947\/"}],"refers_to":[{"id":61391,"section_number":"6.2-1000","catch_line":"Definitions","order_by":null,"url":"\/6.2-1000\/"},{"id":68689,"section_number":"6.2-1100","catch_line":"Definitions","order_by":null,"url":"\/6.2-1100\/"},{"id":75055,"section_number":"6.2-700","catch_line":"Definitions","order_by":null,"url":"\/6.2-700\/"}],"permalink":{"id":265069,"object_type":"law","relational_id":86656,"identifier":"6.2-800","token":"6.2\/II\/8\/1\/6.2-800","url":"\/6.2-800\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-800\/","token":"6.2\/II\/8\/1\/6.2-800","dublin_core":{"Title":"Definitions","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-800","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

As used in this chapter, unless the context requires a different meaning:\n\t\t“Bank” means a corporation authorized by statute<\/span> to accept deposits and to hold itself out to the public as engaged in the banking business in the Commonwealth.\n\t\t“Bankers’ bank” means a bank whose shares are owned exclusively by either (i) financial institutions<\/span> that have or are eligible for insurance of deposits by a federal agency or (ii) financial institution<\/span> holding companies as defined in \u00a7 6.2-700<\/a> or savings institution holding companies as defined in \u00a7 6.2-1100<\/a> owning any financial institution<\/span> described in clause (i), provided that no such financial institution<\/span> or holding company owns, directly or indirectly, more than five percent of the issued and outstanding voting shares of any bankers’ bank.\n\t\t“Bank holding company<\/span>” means any corporation (i) that directly or indirectly owns, controls, or holds with power to vote, 25 percent or more of the voting shares of one or more banks<\/span> or of a corporation that is or becomes a bank holding company<\/span> by virtue of this definition, (ii) that controls in any manner the election of a majority of the directors of one or more banks<\/span>, or (iii) for the benefit of whose shareholders or members 25 percent or more of the voting shares of one or more banks<\/span> or bank holding companies is held by trustees. For the purpose of this definition, any successor to any such corporation shall be deemed to be a bank holding company<\/span> from the date as of which such successor corporation becomes a bank holding company<\/span>. Notwithstanding the foregoing, (a) a bank shall not be a bank holding company<\/span> by virtue of its ownership or control of shares in a fiduciary capacity except where such shares are held for the benefit of the shareholders of such banks<\/span>, (b) a corporation shall not be a bank holding company<\/span> by virtue of its ownership or control of its shares acquired by it in connection with its underwriting of securities and which are held only for such period of time as will permit the sale thereof upon a reasonable basis, (c) a corporation formed for the sole purpose of participating in a proxy solicitation shall not be a bank holding company<\/span> by virtue of its control of voting rights or shares acquired in the course of such solicitation, and (d) a corporation shall not be a bank holding company<\/span> if at least 80 percent of its total assets<\/span> are composed of holdings in the field of agriculture.\n\t\t“Community and economic development entity<\/span>” has the meaning assigned to it in 12 C.F.R. \u00a7 24.2.\n\t\t“Community-based economic development<\/span>” means activities that (i) seek to address economic development through affordable housing development or the rehabilitation of qualified rehabilitated buildings or certified historic structures or (ii) seek to address economic causes of poverty in specific geographic areas by revitalizing the economic and social base of low-income communities through activities that include (a) small business and micro-enterprise support; (b) commercial, industrial, and retail revitalization, retention, and expansion; (c) capacity development and technical assistance support for community development corporations<\/span>; (d) employment and training efforts; (e) human resource development; and (f) social service enterprises.\n\t\t“Community development corporation<\/span>” means a private, nonprofit corporation whose board of directors is composed primarily of community representatives or business, civic, and community leaders and whose principal purpose includes the provision of housing, community-based economic development<\/span> projects, and social services that primarily benefit low-income individuals and communities.\n\t\t“Community development project” has the meaning assigned to it in 12 C.F.R. \u00a7 24.2.\n\t\t“FDIC<\/span>” means the Federal Deposit Insurance Corporation.\n\t\t“International banking facility<\/span>” means a set of assets<\/span> and liability accounts segregated on the books and records of the bank, or an adjacent or other subsidiary that includes only international banking facility<\/span> time deposits and international banking facility<\/span> extensions of credit. The facility may either be located within Virginia or outside the territorial United States. “International banking facility<\/span>” has the meaning assigned to it by the laws<\/span> of the United States or the regulations of the Board of Governors for the Federal Reserve System.\n\t\t“Public welfare investment<\/span>” means any investment permitted by 12 C.F.R. \u00a7 24.3.\n\t\t“Rural business investment company<\/span>” means a company that has been granted final approval by the U.S. Secretary of Agriculture and has entered a participation agreement with the Secretary under 7 U.S.C. \u00a7 2009cc-3(e).\n\t\t“State bank<\/span>” means a bank incorporated under the laws<\/span> of the Commonwealth and that has its principal place of business in the Commonwealth.\n\t\t“Tax equity<\/span> finance transaction” has the meaning assigned to it in 12 C.F.R. \u00a7 7.1025(b).\n\t\t“Trust business” has the meaning assigned to it in \u00a7 6.2-1000<\/a>.\n\t\t“Trust company” has the meaning assigned to it in \u00a7 6.2-1000<\/a>.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDEFINITIONS (\u00a7 6.2-800)\n\nAs used in this chapter, unless the context requires a different meaning:\n\t\t“Bank” means a corporation authorized by statute to accept\ndeposits and to hold itself out to the public as engaged in the banking business\nin the Commonwealth.\n\t\t“Bankers’ bank” means a bank whose shares are owned\nexclusively by either (i) financial institutions that have or are eligible for\ninsurance of deposits by a federal agency or (ii) financial institution holding\ncompanies as defined in \u00a7 6.2-700 or savings institution holding companies as\ndefined in \u00a7 6.2-1100 owning any financial institution described in clause (i),\nprovided that no such financial institution or holding company owns, directly or\nindirectly, more than five percent of the issued and outstanding voting shares\nof any bankers’ bank.\n\t\t“Bank holding company” means any corporation (i) that directly or\nindirectly owns, controls, or holds with power to vote, 25 percent or more of\nthe voting shares of one or more banks or of a corporation that is or becomes a\nbank holding company by virtue of this definition, (ii) that controls in any\nmanner the election of a majority of the directors of one or more banks, or\n(iii) for the benefit of whose shareholders or members 25 percent or more of the\nvoting shares of one or more banks or bank holding companies is held by\ntrustees. For the purpose of this definition, any successor to any such\ncorporation shall be deemed to be a bank holding company from the date as of\nwhich such successor corporation becomes a bank holding company. Notwithstanding\nthe foregoing, (a) a bank shall not be a bank holding company by virtue of its\nownership or control of shares in a fiduciary capacity except where such shares\nare held for the benefit of the shareholders of such banks, (b) a corporation\nshall not be a bank holding company by virtue of its ownership or control of its\nshares acquired by it in connection with its underwriting of securities and\nwhich are held only for such period of time as will permit the sale thereof upon\na reasonable basis, (c) a corporation formed for the sole purpose of\nparticipating in a proxy solicitation shall not be a bank holding company by\nvirtue of its control of voting rights or shares acquired in the course of such\nsolicitation, and (d) a corporation shall not be a bank holding company if at\nleast 80 percent of its total assets are composed of holdings in the field of\nagriculture.\n\t\t“Community and economic development entity” has the meaning\nassigned to it in 12 C.F.R. \u00a7 24.2.\n\t\t“Community-based economic development” means activities that (i)\nseek to address economic development through affordable housing development or\nthe rehabilitation of qualified rehabilitated buildings or certified historic\nstructures or (ii) seek to address economic causes of poverty in specific\ngeographic areas by revitalizing the economic and social base of low-income\ncommunities through activities that include (a) small business and\nmicro-enterprise support; (b) commercial, industrial, and retail revitalization,\nretention, and expansion; (c) capacity development and technical assistance\nsupport for community development corporations; (d) employment and training\nefforts; (e) human resource development; and (f) social service enterprises.\n\t\t“Community development corporation” means a private, nonprofit\ncorporation whose board of directors is composed primarily of community\nrepresentatives or business, civic, and community leaders and whose principal\npurpose includes the provision of housing, community-based economic development\nprojects, and social services that primarily benefit low-income individuals and\ncommunities.\n\t\t“Community development project” has the meaning assigned to it in\n12 C.F.R. \u00a7 24.2.\n\t\t“FDIC” means the Federal Deposit Insurance Corporation.\n\t\t“International banking facility” means a set of assets and\nliability accounts segregated on the books and records of the bank, or an\nadjacent or other subsidiary that includes only international banking facility\ntime deposits and international banking facility extensions of credit. The\nfacility may either be located within Virginia or outside the territorial United\nStates. “International banking facility” has the meaning assigned to\nit by the laws of the United States or the regulations of the Board of Governors\nfor the Federal Reserve System.\n\t\t“Public welfare investment” means any investment permitted by 12\nC.F.R. \u00a7 24.3.\n\t\t“Rural business investment company” means a company that has been\ngranted final approval by the U.S. Secretary of Agriculture and has entered a\nparticipation agreement with the Secretary under 7 U.S.C. \u00a7 2009cc-3(e).\n\t\t“State bank” means a bank incorporated under the laws of the\nCommonwealth and that has its principal place of business in the Commonwealth.\n\t\t“Tax equity finance transaction” has the meaning assigned to it in\n12 C.F.R. \u00a7 7.1025(b).\n\t\t“Trust business” has the meaning assigned to it in \u00a7 6.2-1000.\n\t\t“Trust company” has the meaning assigned to it in \u00a7 6.2-1000.\n\nHISTORY: Code 1950, \u00a7\u00a7 6-6, 6-27.1, 6-66; 1962, c. 404; 1966, c. 584, \u00a7\u00a7\n6.1-4, 6.1-80; 1974, c. 665; 1982, c. 411; 1983, c. 453, \u00a7 6.1-11.2; 1987, c.\n556; 1989, cc. 376, 650, \u00a7 6.1-6.1; 1993, cc. 182, 432; 1994, c. 7; 1996, cc.\n218, 306; 2006, c. 633; 2010, c. 794; 2023, cc. 543, 544.","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}}