{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-853.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-853.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-853.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-853.html"}],"law_id":70722,"edition_id":1,"section_id":70722,"structure_id":15562,"section_number":"6.2-853","catch_line":"Conditions for interstate merger","history":"1995, c. 301, \u00a7 6.1-44.20; 2010, c. 794.","full_text":"An interstate merger transaction involving a Virginia bank shall not be consummated, and any out-of-state bank resulting from such a merger shall not operate any branch in the Commonwealth, if the Commission finds that the laws of the home state of any out-of-state bank involved in the interstate merger transaction do not permit interstate merger transactions or finds that the resulting out-of-state bank has not complied with all applicable requirements of any law of the Commonwealth.","order_by":null,"text":{"0":{"id":255104,"text":"An interstate merger transaction involving a Virginia bank shall not be consummated, and any out-of-state bank resulting from such a merger shall not operate any branch in the Commonwealth, if the Commission finds that the laws of the home state of any out-of-state bank involved in the interstate merger transaction do not permit interstate merger transactions or finds that the resulting out-of-state bank has not complied with all applicable requirements of any law of the Commonwealth.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":15562,"edition_id":1,"name":"Interstate Bank Mergers","identifier":"7","label":"article","depth":4,"order_by":1,"parent_id":13791,"metadata":{},"date_created":"2026-06-26 03:56:21","date_modified":"2026-06-26 03:56:21","permalink":{"id":265555,"object_type":"structure","relational_id":15562,"identifier":"7","token":"6.2\/II\/8\/7","url":"\/6.2\/II\/8\/7\/","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":73045,"structure_id":15562,"section_number":"6.2-849","catch_line":"Definitions","url":"\/6.2-849\/","token":"6.2\/II\/8\/7\/6.2-849","metadata":false},{"id":75360,"structure_id":15562,"section_number":"6.2-850","catch_line":"Authority to branch outside the Commonwealth by merger","url":"\/6.2-850\/","token":"6.2\/II\/8\/7\/6.2-850","metadata":false},{"id":59364,"structure_id":15562,"section_number":"6.2-851","catch_line":"Interstate merger transactions and branching permitted","url":"\/6.2-851\/","token":"6.2\/II\/8\/7\/6.2-851","metadata":false},{"id":60243,"structure_id":15562,"section_number":"6.2-852","catch_line":"Filing requirements","url":"\/6.2-852\/","token":"6.2\/II\/8\/7\/6.2-852","metadata":false},{"id":70722,"structure_id":15562,"section_number":"6.2-853","catch_line":"Conditions for interstate merger","url":"\/6.2-853\/","token":"6.2\/II\/8\/7\/6.2-853","metadata":false},{"id":60674,"structure_id":15562,"section_number":"6.2-854","catch_line":"Powers","url":"\/6.2-854\/","token":"6.2\/II\/8\/7\/6.2-854","metadata":false},{"id":60491,"structure_id":15562,"section_number":"6.2-855","catch_line":"Examinations and periodic reports","url":"\/6.2-855\/","token":"6.2\/II\/8\/7\/6.2-855","metadata":false},{"id":66191,"structure_id":15562,"section_number":"6.2-856","catch_line":"Cooperative agreements; assessment of fees","url":"\/6.2-856\/","token":"6.2\/II\/8\/7\/6.2-856","metadata":false},{"id":78755,"structure_id":15562,"section_number":"6.2-857","catch_line":"Enforcement","url":"\/6.2-857\/","token":"6.2\/II\/8\/7\/6.2-857","metadata":false},{"id":73754,"structure_id":15562,"section_number":"6.2-858","catch_line":"Regulations; fees","url":"\/6.2-858\/","token":"6.2\/II\/8\/7\/6.2-858","metadata":false},{"id":79385,"structure_id":15562,"section_number":"6.2-859","catch_line":"Notice of subsequent merger","url":"\/6.2-859\/","token":"6.2\/II\/8\/7\/6.2-859","metadata":false}],"previous_section":{"id":60243,"structure_id":15562,"section_number":"6.2-852","catch_line":"Filing requirements","url":"\/6.2-852\/","token":"6.2\/II\/8\/7\/6.2-852","metadata":false},"next_section":{"id":60674,"structure_id":15562,"section_number":"6.2-854","catch_line":"Powers","url":"\/6.2-854\/","token":"6.2\/II\/8\/7\/6.2-854","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-853\/","history_text":"

This law was first created in 1995. The record of its establishment is cataloged in chapter 301<\/a> 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. It has been modified 1 time. 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. That modification is as follows: in 2010, chapter 794<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":265573,"object_type":"law","relational_id":70722,"identifier":"6.2-853","token":"6.2\/II\/8\/7\/6.2-853","url":"\/6.2-853\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-853\/","token":"6.2\/II\/8\/7\/6.2-853","dublin_core":{"Title":"Conditions for interstate merger","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-853","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

An interstate merger transaction involving a Virginia bank<\/span> shall not be consummated, and any out-of-state bank<\/span> resulting from such a merger shall not operate any branch in the Commonwealth, if the Commission<\/span> finds that the laws<\/span> of the home state of any out-of-state bank<\/span> involved in the interstate merger transaction do not permit interstate merger transactions or finds that the resulting out-of-state bank<\/span> has not complied with all applicable requirements of any law<\/span> of the Commonwealth.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nCONDITIONS FOR INTERSTATE MERGER (\u00a7 6.2-853)\n\nAn interstate merger transaction involving a Virginia bank shall not be\nconsummated, and any out-of-state bank resulting from such a merger shall not\noperate any branch in the Commonwealth, if the Commission finds that the laws of\nthe home state of any out-of-state bank involved in the interstate merger\ntransaction do not permit interstate merger transactions or finds that the\nresulting out-of-state bank has not complied with all applicable requirements of\nany law of the Commonwealth.\n\nHISTORY: 1995, c. 301, \u00a7 6.1-44.20; 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}}