Article 2 Incorporation; Certificate of Authority; Corporate Administration

This article is comprised of the following sections:
  • §6.2-1114 Application of Virginia Stock Corporation Act and Virginia Nonstock Corporation Act
  • §6.2-1115 Formation of state savings institutions
  • §6.2-1116 Corporation name
  • §6.2-1117 Par value of shares; payment of shares; reacquisitions of shares or acceptance thereof as security; how subscriptions to stock to be paid; disposition of money received before institution opens; stock option plans
  • §6.2-1118 Certificate of authority to do business
  • §6.2-1119 Commissions and other fees for sale of stock not permitted
  • §6.2-1120 Minimum capital requirement
  • §6.2-1121 Board of directors
  • §6.2-1122 Meetings of board of directors
  • §6.2-1123 Notice of meetings of members; determining members entitled to notice or to vote
  • §6.2-1124 Voting rights; proxies
  • §6.2-1125 Access to books and records; communication with members
  • §6.2-1126 Audit of savings institution; report
  • §6.2-1127 Bonds of officers and employees
  • §6.2-1128 Loans to executive officers or directors
  • §6.2-1129 Overdrafts by savings institution officers, directors or employees
  • §6.2-1130 Reserves; surplus and undivided profits
  • §6.2-1131 Liability of members of mutual savings institutions
  • §6.2-1132 Mutual capital certificates