                                 CODE OF VIRGINIA

AUDIT OF SAVINGS INSTITUTION; REPORT (§ 6.2-1126)

The directors of every savings institution shall, at least once in each calendar
year, cause an independent audit by a certified public accountant to be made of
the institution, its operation and its general books of account. The report of
such audit shall be presented to the institution&#8217;s board of directors at
its next regular meeting after completion of the audit. The minutes of such
meeting shall reflect that the audit report was presented and reviewed by the
board, and a copy of the audit report shall be filed with the Bureau within two
weeks from the date such report is received by the institution from the auditor.

HISTORY: Code 1950, § 6-201.37; 1960, c. 402; 1966, c. 584, § 6.1-167; 1972,
c. 796, § 6.1-195.44; 1976, c. 658; 1978, c. 14; 1985, c. 425, § 6.1-194.19;
2010, c. 794.