{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-936.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-936.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-936.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-936.html"}],"law_id":67997,"edition_id":1,"section_id":67997,"structure_id":14352,"section_number":"6.2-936","catch_line":"Subrogation to rights of bank depositors","history":"1983, c. 507, \u00a7 6.1-110.12; 2010, c. 794.","full_text":"Whenever the FDIC pays, or makes available for payment, the insured deposit liabilities of a closed bank, the FDIC, whether or not it acts as receiver, shall be subrogated to all rights of depositors against the closed bank to the same extent as subrogation is provided for by the Federal Deposit Insurance Act (12 U.S.C. \u00a7 1811 et seq.) in the case of a national bank.","order_by":null,"text":{"0":{"id":246208,"text":"Whenever the FDIC pays, or makes available for payment, the insured deposit liabilities of a closed bank, the FDIC, whether or not it acts as receiver, shall be subrogated to all rights of depositors against the closed bank to the same extent as subrogation is provided for by the Federal Deposit Insurance Act (12 U.S.C. \u00a7 1811 et seq.) in the case of a national bank.","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}],"previous_section":{"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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-936\/","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":false,"refers_to":false,"permalink":{"id":265299,"object_type":"law","relational_id":67997,"identifier":"6.2-936","token":"6.2\/II\/8\/14\/6.2-936","url":"\/6.2-936\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-936\/","token":"6.2\/II\/8\/14\/6.2-936","dublin_core":{"Title":"Subrogation to rights of bank depositors","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-936","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Whenever the FDIC<\/span> pays, or makes available for payment, the insured deposit liabilities of a closed bank<\/span>, the FDIC<\/span>, whether or not it acts as receiver, shall be subrogated to all rights of depositors against the closed bank<\/span> to the same extent as subrogation is provided for by the Federal Deposit Insurance Act (12 U.S.C. \u00a7 1811 et seq.) in the case of a national bank<\/span>.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nSUBROGATION TO RIGHTS OF BANK DEPOSITORS (\u00a7 6.2-936)\n\nWhenever the FDIC pays, or makes available for payment, the insured deposit\nliabilities of a closed bank, the FDIC, whether or not it acts as receiver,\nshall be subrogated to all rights of depositors against the closed bank to the\nsame extent as subrogation is provided for by the Federal Deposit Insurance Act\n(12 U.S.C. \u00a7 1811 et seq.) in the case of a national bank.\n\nHISTORY: 1983, c. 507, \u00a7 6.1-110.12; 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}}