                                 CODE OF VIRGINIA

COOPERATIVE AGREEMENTS WITH OTHER REGULATORY AUTHORITIES (§ 6.2-706)

Prior to approving the acquisition of any Virginia bank or Virginia bank holding
company by any out-of-state bank holding company, or the acquisition of any
out-of-state bank or out-of-state bank holding company by any Virginia bank
holding company, the Commission shall enter into cooperative agreements with the
appropriate regulatory authorities for the periodic examination of any
out-of-state bank holding company that has a Virginia bank subsidiary, or any
subsidiary of such holding company. The Commission may accept reports of
examination and other records from such authorities in lieu of conducting its
own examinations.

HISTORY: 1985, c. 544, § 6.1-404; 1994, c. 351; 2010, c. 794.