Virginia Decodedhttps://vacode.org694246.2-927Transfer of title to bank assets2025Financial Institutions and ServicesDepository Institutions and Trust OrganizationsBanksAppointment of Fdic as Receiver

Upon the appointment of the FDIC as receiver, title to all assets of the bank shall vest in the FDIC without the execution of any instruments of conveyance, assignment, transfer, or endorsement.

1983, c. 507, § 6.1-110.3; 2010, c. 794.