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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>67065</law_id><section_number>6.2-1115</section_number><catch_line>Formation of state savings institutions</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="6.2">Financial Institutions and Services</unit><unit label="subtitle" level="2" order_by="1" identifier="II">Depository Institutions and Trust Organizations</unit><unit label="chapter" level="3" order_by="1" identifier="11">Savings Institutions</unit><unit label="article" level="4" order_by="1" identifier="2">Incorporation; Certificate of Authority; Corporate Administration</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> A stock savings and loan <span class="dictionary">association</span> may be incorporated as provided in the Virginia Stock Corporation Act (&#xA7; <a class="law" title="Short title" href="/13.1-601/">13.1-601</a> et seq.). A mutual savings and loan <span class="dictionary">association</span> may be incorporated as provided in the Virginia Nonstock Corporation Act (&#xA7; <a class="law" title="Short title" href="/13.1-801/">13.1-801</a> et seq.). <a id="paragraph-243060" class="section-permalink" href="https://vacode.org/6.2-1115/#A"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> A stock <span class="dictionary">savings bank</span> may be formed by being incorporated as provided in the Virginia Stock Corporation Act (&#xA7; <a class="law" title="Short title" href="/13.1-601/">13.1-601</a> et seq.). A mutual <span class="dictionary">savings bank</span> may be formed by being incorporated as provided in the Virginia Nonstock Corporation Act (&#xA7; <a class="law" title="Short title" href="/13.1-801/">13.1-801</a> et seq.). <a id="paragraph-243061" class="section-permalink" href="https://vacode.org/6.2-1115/#B"><i class="fa fa-link"/></a></p></section></text><history>Code 1950, &#xA7; 6-201.8; 1960, c. 402; 1966, c. 584, &#xA7; 6.1-133; 1972, c. 796, &#xA7; 6.1-195.7; 1985, c. 425, &#xA7; 6.1-194.9; 1991, c. 230, &#xA7; 6.1-194.111; 2010, c. 794.</history><metadata></metadata></law>
