{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-824.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-824.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-824.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-824.html"}],"law_id":59646,"edition_id":1,"section_id":59646,"structure_id":14285,"section_number":"6.2-824","catch_line":"Status of converted bank","history":"Code 1950, \u00a7 6-15.2; 1952, c. 571; 1966, c. 584, \u00a7 6.1-34; 2010, c. 794.","full_text":"Upon the conversion of a national banking association to a state bank as provided in \u00a7 6.2-823, the state bank shall be considered to be the same business and corporate entity as the former national banking association, except that the state bank shall have the rights, powers, and duties as prescribed by state law. Any reference to the former national banking association in any contract, will, or document shall be deemed to be a reference to the state bank if not inconsistent with the provisions of the contract, will, or document or with applicable law.","order_by":null,"text":{"0":{"id":218434,"text":"Upon the conversion of a national banking association to a state bank as provided in \u00a7 6.2-823, the state bank shall be considered to be the same business and corporate entity as the former national banking association, except that the state bank shall have the rights, powers, and duties as prescribed by state law. Any reference to the former national banking association in any contract, will, or document shall be deemed to be a reference to the state bank if not inconsistent with the provisions of the contract, will, or document or with applicable law.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14285,"edition_id":1,"name":"Bank Mergers and Conversions","identifier":"4","label":"article","depth":4,"order_by":1,"parent_id":13791,"metadata":{},"date_created":"2026-06-26 03:47:36","date_modified":"2026-06-26 03:47:36","permalink":{"id":265441,"object_type":"structure","relational_id":14285,"identifier":"4","token":"6.2\/II\/8\/4","url":"\/6.2\/II\/8\/4\/","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":63809,"structure_id":14285,"section_number":"6.2-822","catch_line":"Merger and share exchange by state banks","url":"\/6.2-822\/","token":"6.2\/II\/8\/4\/6.2-822","metadata":false},{"id":84764,"structure_id":14285,"section_number":"6.2-823","catch_line":"Conversion of national banking association to state bank; certificate of authority","url":"\/6.2-823\/","token":"6.2\/II\/8\/4\/6.2-823","metadata":false},{"id":59646,"structure_id":14285,"section_number":"6.2-824","catch_line":"Status of converted bank","url":"\/6.2-824\/","token":"6.2\/II\/8\/4\/6.2-824","metadata":false},{"id":70477,"structure_id":14285,"section_number":"6.2-825","catch_line":"State bank becoming national bank; notice required; effect on liabilities","url":"\/6.2-825\/","token":"6.2\/II\/8\/4\/6.2-825","metadata":false},{"id":55555,"structure_id":14285,"section_number":"6.2-826","catch_line":"Effect of conversion of state bank to national bank","url":"\/6.2-826\/","token":"6.2\/II\/8\/4\/6.2-826","metadata":false},{"id":76999,"structure_id":14285,"section_number":"6.2-827","catch_line":"Rights of national bank stockholders dissenting from conversion","url":"\/6.2-827\/","token":"6.2\/II\/8\/4\/6.2-827","metadata":false},{"id":70763,"structure_id":14285,"section_number":"6.2-828","catch_line":"Conversion of state bank to federal savings institution","url":"\/6.2-828\/","token":"6.2\/II\/8\/4\/6.2-828","metadata":false},{"id":67840,"structure_id":14285,"section_number":"6.2-829","catch_line":"Conversion from state savings bank to state bank; conversion from state bank to state savings bank","url":"\/6.2-829\/","token":"6.2\/II\/8\/4\/6.2-829","metadata":false},{"id":68881,"structure_id":14285,"section_number":"6.2-830","catch_line":"Conversion from stock association to bank; conversion from bank to stock association","url":"\/6.2-830\/","token":"6.2\/II\/8\/4\/6.2-830","metadata":false}],"previous_section":{"id":84764,"structure_id":14285,"section_number":"6.2-823","catch_line":"Conversion of national banking association to state bank; certificate of authority","url":"\/6.2-823\/","token":"6.2\/II\/8\/4\/6.2-823","metadata":false},"next_section":{"id":70477,"structure_id":14285,"section_number":"6.2-825","catch_line":"State bank becoming national bank; notice required; effect on liabilities","url":"\/6.2-825\/","token":"6.2\/II\/8\/4\/6.2-825","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-824\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 3 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 1952, chapter 571; in 1966, chapter 584; in 2010, chapter 794<\/a>.<\/p>","references":false,"refers_to":[{"id":84764,"section_number":"6.2-823","catch_line":"Conversion of national banking association to state bank; certificate of authority","order_by":null,"url":"\/6.2-823\/"}],"permalink":{"id":265451,"object_type":"law","relational_id":59646,"identifier":"6.2-824","token":"6.2\/II\/8\/4\/6.2-824","url":"\/6.2-824\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-824\/","token":"6.2\/II\/8\/4\/6.2-824","dublin_core":{"Title":"Status of converted bank","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-824","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Upon the conversion of a national banking association to a state bank<\/span> as provided in \u00a7 6.2-823<\/a>, the state bank<\/span> shall be considered to be the same business and corporate entity<\/span> as the former national banking association, except that the state bank<\/span> shall have the rights, powers, and duties as prescribed by state law<\/span>. Any reference to the former national banking association in any contract<\/span>, will, or document shall be deemed to be a reference to the state bank<\/span> if not inconsistent with the provisions of the contract<\/span>, will, or document or with applicable law<\/span>.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nSTATUS OF CONVERTED BANK (\u00a7 6.2-824)\n\nUpon the conversion of a national banking association to a state bank as\nprovided in \u00a7 6.2-823, the state bank shall be considered to be the same\nbusiness and corporate entity as the former national banking association, except\nthat the state bank shall have the rights, powers, and duties as prescribed by\nstate law. Any reference to the former national banking association in any\ncontract, will, or document shall be deemed to be a reference to the state bank\nif not inconsistent with the provisions of the contract, will, or document or\nwith applicable law.\n\nHISTORY: Code 1950, \u00a7 6-15.2; 1952, c. 571; 1966, c. 584, \u00a7 6.1-34; 2010, c.\n794.","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}}