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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>64336</law_id><section_number>6.2-1165</section_number><catch_line>Nonseverability</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="5">Foreign Savings Institutions; Acquisitions by Out-Of-State Savings Institutions or Out-Of-State Savings Institution Holding Companies</unit></structure><text>
						<section><p>Notwithstanding the provisions of &#xA7;&#xA0;<a class="law" title="Severability" href="/1-243/">1-243</a>, if any portion of this article pertaining to the terms and conditions for and limitations upon acquisition of <span class="dictionary">Virginia savings institution</span> holding companies and <span class="dictionary">Virginia savings institutions</span> by savings institutions and savings institution holding companies that do not have their principal place of business in the Commonwealth is determined to be invalid for any reason by a final nonappealable <span class="dictionary">order</span> of any appropriate Virginia or federal <span class="dictionary">court</span>, then &#xA7;&#xA7;&#xA0;<a class="law" title="Acquisitions by out-of-state savings institution holding company" href="/6.2-1157/">6.2-1157</a> through <a class="law" title="Acquisitions of state savings bank or holding companies by out-of-state financial institutions" href="/6.2-1164/">6.2-1164</a> shall be void and of no further effect from the effective date of such <span class="dictionary">order</span>. Any transaction that has been lawfully consummated pursuant to this article prior to a determination of invalidity shall be unaffected by such determination.</p></section></text><history>1985, c. 425, &#xA7; 6.1-194.106; 1994, c. 353; 2010, c. 794.</history><metadata></metadata></law>
