Virginia Decodedhttps://vacode.org631406.2-867Discount by officer, director, or employee of paper refused by bank2025Financial Institutions and ServicesDepository Institutions and Trust OrganizationsBanksDirectors and Officers; Dividends

No officer, director, or employee of a bank may purchase or discount any note or paper at a rate of interest in excess of what such bank might charge knowing that such bank has refused to purchase or discount such paper.

Code 1950, § 6-44; 1966, c. 584, § 6.1-53; 2010, c. 794.