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1997 SESSION

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HB 1658 Bank's investment in stock of controlled subsidiary.

Introduced by: W. W. Bennett, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY:

Bank's investment in stock of controlled subsidiary; foreign corporations. Allows Virginia's state-chartered banks to own the stock, securities or obligations of a controlled subsidiary that is a foreign corporation. The bill contains an emergency clause making its provisions effective upon its passage.


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