                                 CODE OF VIRGINIA

DEFINITIONS (§ 13.1-982)

As used in this chapter, unless a different meaning is required by the context,
the following words and phrases shall have the following meanings:
		&#8220;Board of directors.&#8221; &#8212; The board of directors of a
corporation created under this chapter.
		&#8220;Commission.&#8221; &#8212; The State Corporation Commission of
Virginia.
		&#8220;Corporation.&#8221; &#8212; A Virginia industrial development
corporation created under the provisions of this chapter.
		&#8220;Financial institution.&#8221; &#8212; Any bank, trust company, savings
institution, industrial loan association or insurance company.
		&#8220;Loan limit.&#8221; &#8212; For any member, the maximum amount permitted
to be outstanding at one time on loans made by such member to a corporation as
determined under the provisions of this chapter.
		&#8220;Member.&#8221; &#8212; Any financial institution which shall undertake
to lend money to a corporation created under this chapter, upon its call and in
accordance with the provisions of this chapter.

HISTORY: Code 1950, § 13.1-141; 1960, c. 80; 1985, c. 522; 1996, c. 77.