{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-925.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-925.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-925.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-925.html"}],"law_id":79535,"edition_id":1,"section_id":79535,"structure_id":14352,"section_number":"6.2-925","catch_line":"Definitions","history":"1983, c. 507, \u00a7 6.1-110.1; 2010, c. 794.","full_text":"As used in this article, unless the context requires otherwise:\n\t\t“Bank” means any bank or trust company organized under the laws of the Commonwealth.\n\t\t“FDIC” or “Corporation” means the Federal Deposit Insurance Corporation. The term includes any successor to the Corporation or any other agency or instrumentality of the United States that undertakes to discharge the purposes of the Corporation.\n\t\t“Receivership court” means the circuit court that appoints a receiver for a bank pursuant to this article.","order_by":null,"text":{"0":{"id":285004,"text":"As used in this article, unless the context requires otherwise:\n\t\t“Bank” means any bank or trust company organized under the laws of the Commonwealth.\n\t\t“FDIC” or “Corporation” means the Federal Deposit Insurance Corporation. The term includes any successor to the Corporation or any other agency or instrumentality of the United States that undertakes to discharge the purposes of the Corporation.\n\t\t“Receivership court” means the circuit court that appoints a receiver for a bank pursuant to this article.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14352,"edition_id":1,"name":"Appointment of Fdic as Receiver","identifier":"14","label":"article","depth":4,"order_by":1,"parent_id":13791,"metadata":{},"date_created":"2026-06-26 03:47:51","date_modified":"2026-06-26 03:47:51","permalink":{"id":265253,"object_type":"structure","relational_id":14352,"identifier":"14","token":"6.2\/II\/8\/14","url":"\/6.2\/II\/8\/14\/","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":79535,"structure_id":14352,"section_number":"6.2-925","catch_line":"Definitions","url":"\/6.2-925\/","token":"6.2\/II\/8\/14\/6.2-925","metadata":false},{"id":84082,"structure_id":14352,"section_number":"6.2-926","catch_line":"Appointment of FDIC as receiver","url":"\/6.2-926\/","token":"6.2\/II\/8\/14\/6.2-926","metadata":false},{"id":69424,"structure_id":14352,"section_number":"6.2-927","catch_line":"Transfer of title to bank assets","url":"\/6.2-927\/","token":"6.2\/II\/8\/14\/6.2-927","metadata":false},{"id":76936,"structure_id":14352,"section_number":"6.2-928","catch_line":"Posting of notice; effect of posting notice","url":"\/6.2-928\/","token":"6.2\/II\/8\/14\/6.2-928","metadata":false},{"id":74050,"structure_id":14352,"section_number":"6.2-929","catch_line":"Powers of receiver","url":"\/6.2-929\/","token":"6.2\/II\/8\/14\/6.2-929","metadata":false},{"id":55666,"structure_id":14352,"section_number":"6.2-930","catch_line":"Emergency sale of assets","url":"\/6.2-930\/","token":"6.2\/II\/8\/14\/6.2-930","metadata":false},{"id":82077,"structure_id":14352,"section_number":"6.2-931","catch_line":"Notice and proof of claim; notice of rejection of claim; petition for hearing","url":"\/6.2-931\/","token":"6.2\/II\/8\/14\/6.2-931","metadata":false},{"id":85604,"structure_id":14352,"section_number":"6.2-932","catch_line":"Payment of claims filed after prescribed period","url":"\/6.2-932\/","token":"6.2\/II\/8\/14\/6.2-932","metadata":false},{"id":64341,"structure_id":14352,"section_number":"6.2-933","catch_line":"Distribution of assets","url":"\/6.2-933\/","token":"6.2\/II\/8\/14\/6.2-933","metadata":false},{"id":73245,"structure_id":14352,"section_number":"6.2-934","catch_line":"Receivership procedures involving assets held by closed bank as fiduciary","url":"\/6.2-934\/","token":"6.2\/II\/8\/14\/6.2-934","metadata":false},{"id":65564,"structure_id":14352,"section_number":"6.2-935","catch_line":"Termination of executory contracts and leases; liability; extension of statute of limitations","url":"\/6.2-935\/","token":"6.2\/II\/8\/14\/6.2-935","metadata":false},{"id":67997,"structure_id":14352,"section_number":"6.2-936","catch_line":"Subrogation to rights of bank depositors","url":"\/6.2-936\/","token":"6.2\/II\/8\/14\/6.2-936","metadata":false},{"id":66215,"structure_id":14352,"section_number":"6.2-937","catch_line":"Destruction of records","url":"\/6.2-937\/","token":"6.2\/II\/8\/14\/6.2-937","metadata":false}],"next_section":{"id":84082,"structure_id":14352,"section_number":"6.2-926","catch_line":"Appointment of FDIC as receiver","url":"\/6.2-926\/","token":"6.2\/II\/8\/14\/6.2-926","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-925\/","history_text":"

This law was first created in 1983. The record of its establishment is cataloged in chapter 507 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 1983 \u201cActs\u201d aren\u2019t available online. 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":[{"id":67670,"section_number":"6.2-1038","catch_line":"Appointment of receiver","order_by":null,"url":"\/6.2-1038\/"},{"id":56799,"section_number":"6.2-913","catch_line":"Closing bank; appointment of receiver","order_by":null,"url":"\/6.2-913\/"}],"refers_to":false,"permalink":{"id":265255,"object_type":"law","relational_id":79535,"identifier":"6.2-925","token":"6.2\/II\/8\/14\/6.2-925","url":"\/6.2-925\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-925\/","token":"6.2\/II\/8\/14\/6.2-925","dublin_core":{"Title":"Definitions","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-925","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

As used in this article, unless the context requires otherwise:\n\t\t“Bank<\/span>” means any bank<\/span> or trust company organized under the laws<\/span> of the Commonwealth.\n\t\t“FDIC<\/span>” or “Corporation<\/span>” means the Federal Deposit Insurance Corporation<\/span>. The term includes any successor to the Corporation<\/span> or any other agency or instrumentality of the United States that undertakes to discharge the purposes of the Corporation<\/span>.\n\t\t“Receivership court<\/span>” means the circuit<\/span> court that appoints a receiver for a bank<\/span> pursuant to this article.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDEFINITIONS (\u00a7 6.2-925)\n\nAs used in this article, unless the context requires otherwise:\n\t\t“Bank” means any bank or trust company organized under the laws of\nthe Commonwealth.\n\t\t“FDIC” or “Corporation” means the Federal Deposit\nInsurance Corporation. The term includes any successor to the Corporation or any\nother agency or instrumentality of the United States that undertakes to\ndischarge the purposes of the Corporation.\n\t\t“Receivership court” means the circuit court that appoints a\nreceiver for a bank pursuant to this article.\n\nHISTORY: 1983, c. 507, \u00a7 6.1-110.1; 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}}