Virginia Decodedhttps://vacode.org854426.2-703Acquisition of interest in entity other than financial institution by financial institutions2025Financial Institutions and ServicesDepository Institutions and Trust OrganizationsAcquisitions of Interests in Financial Institutions

No financial institution shall acquire more than five percent of the voting shares or otherwise gain control of any entity other than a financial institution without prior notice to the Commission.

1978, c. 683, § 6.1-383; 1983, cc. 193, 194; 2010, c. 794.