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2007 SESSION

• | print version

SB 1109 Banks; financial activities. 

Introduced by: William C. Wampler, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Banks; financial activities.  Prohibits a bank from establishing or maintaining a branch in Virginia on the premises or property of an affiliate if the affiliate engages in commercial activities, which are defined as activities in which a bank holding company, a financial holding company, a national bank, or a national bank financial subsidiary may not engage under federal law.  The measure repeals provisions regarding the commercial activities of industrial loan associations and industrial loan companies.  The measure will be effective upon passage.

FULL TEXT

• 01/09/07  Senate: Prefiled and ordered printed with emergency clause; offered 01/10/07 070203836  pdf | impact statement

HISTORY

• 01/09/07  Senate: Prefiled and ordered printed with emergency clause; offered 01/10/07 070203836
• 01/09/07  Senate: Referred to Committee on Commerce and Labor
• 01/22/07  Senate: Stricken at request of Patron in Commerce and Labor (15-Y 0-N)