                                 CODE OF VIRGINIA

EXAMINATION OF PERSONS BELIEVED TO BE DOING BUSINESS WITHOUT AUTHORITY; DOING
BUSINESS WITHOUT AUTHORITY; PENALTY (§ 6.2-1203)

A. The Commissioner shall examine the accounts, books, and papers of any person
or entity that he has reason to believe is doing the business of a savings
institution in the Commonwealth without legal authority to do so. Any person
having possession, custody, or control of such accounts, books, and papers
refusing to produce such documents for examination by the Commissioner is guilty
of a Class 1 misdemeanor.

B. Every person who does the business of a savings institution in the
Commonwealth without authority, and every officer and agent of a corporation
doing such business without authority who knowingly participates therein, is
guilty of a Class 6 felony.

HISTORY: Code 1950, §§ 6-201.50, 6-201.51; 1960, c. 402; 1966, c. 584, §§
6.1-180, 6.1-181; 1972, c. 796, §§ 6.1-195.60, 6.1-195.61; 1985, c. 425, §
6.1-194.86; 1992, c. 136; 2010, c. 794.