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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>76799</law_id><section_number>6.2-1194</section_number><catch_line>State savings institutions to furnish financial statements and reports</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="9">Supervision</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> Every <span class="dictionary">state savings institution</span> shall furnish the <span class="dictionary">Commission</span> within 30 days after the close of its fiscal year a statement of its financial condition on forms supplied by the <span class="dictionary">Commission</span>. The statements shall be made in accordance with forms prescribed by the <span class="dictionary">Commission</span>, certified under <span class="dictionary">oath</span> by the president or treasurer of the savings institution, and attested by at least three of its directors. Insofar as practicable, the reports required by this section shall conform to those required of savings institutions insured by any instrumentality of the federal government that insures or regulates savings institutions. The <span class="dictionary">Commission</span> shall allow <span class="dictionary">state savings institutions</span> to submit the statements electronically. Any <span class="dictionary">state association</span> that submits such statements electronically shall maintain a copy of the statement with the required certified signatures affixed. <a id="paragraph-275753" class="section-permalink" href="https://vacode.org/6.2-1194/#A"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> Every <span class="dictionary">state savings institution</span> shall make such other reports as the <span class="dictionary">Commission</span> may from time to time require. <a id="paragraph-275754" class="section-permalink" href="https://vacode.org/6.2-1194/#B"><i class="fa fa-link"/></a></p></section></text><history>Code 1950, &#xA7; 6-201.57; 1960, c. 402; 1966, c. 584, &#xA7; 6.1-187; 1972, c. 796, &#xA7; 6.1-195.67; 1985, c. 425, &#xA7; 6.1-194.78; 1991, c. 230, &#xA7; 6.1-194.144; 1996, c. 14; 1997, c. 407; 2010, c. 794.</history><metadata></metadata></law>
