                                 CODE OF VIRGINIA

POWERS (§ 6.2-854)

A. An out-of-state state bank that establishes and maintains one or more
branches in Virginia under this article may conduct the same activities at such
branch or branches that are authorized under Virginia law for Virginia state
banks, except to the extent such activities may be prohibited by other laws,
regulations, or orders applicable to the out-of-state state bank.

B. A Virginia state bank may conduct any activities at any branch outside the
Commonwealth that are permissible for a bank chartered by the host state where
the branch is located, except to the extent such activities are expressly
prohibited by other laws, regulations, or orders applicable to the Virginia
state bank.

HISTORY: 1995, c. 301, § 6.1-44.21; 2010, c. 794.