                                 CODE OF VIRGINIA

STATUS OF CONVERTED BANK (§ 6.2-824)

Upon the conversion of a national banking association to a state bank as
provided in § 6.2-823, the state bank shall be considered to be the same
business and corporate entity as the former national banking association, except
that the state bank shall have the rights, powers, and duties as prescribed by
state law. Any reference to the former national banking association in any
contract, will, or document shall be deemed to be a reference to the state bank
if not inconsistent with the provisions of the contract, will, or document or
with applicable law.

HISTORY: Code 1950, § 6-15.2; 1952, c. 571; 1966, c. 584, § 6.1-34; 2010, c.
794.