                                 CODE OF VIRGINIA

STATEMENTS TO BE FURNISHED BY COMMISSION TO DIRECTORS OF SAVINGS INSTITUTIONS
(§ 6.2-1193)

The Commission shall prepare and make available to each member of the board of
directors of every state savings institution a statement describing generally
their duties and responsibilities. The statement shall include a brief outline
of the examining procedure employed by the Commission, an explanation of the
distinction between an examination and an audit, and any information that the
Commission deems necessary to apprise the directors of the necessity for an
adequate system of internal controls.

HISTORY: Code 1950, § 6-201.59; 1960, c. 402; 1966, c. 584, § 6.1-189; 1972,
c. 796, § 6.1-195.69; 1985, c. 425, § 6.1-194.77; 1991, c. 230, §
6.1-194.143; 2010, c. 794.