SEARCH SITE

VIRGINIA LAW PORTAL

SEARCHABLE DATABASES

ACROSS SESSIONS

Developed and maintained by the Division of Legislative Automated Systems.

1997 SESSION

  • | print version

SB 852 Banking; examination of state associations and affiliates.

Introduced by: Charles J. Colgan | all patrons    ...    notes | add to my profiles

SUMMARY:

Banking; examination of state associations and affiliates; examination of state banks. Conforms the statute governing the examination of state savings and loan associations with the analogous statute governing the examination of state savings banks. The statute governing savings and loan associations is amended to provide the Bureau of Financial Institutions with the authority to (i) make a special examination at the request of two-fifths of the association's stockholders or on the initiative of the BFI and (ii) to charge the expenses of such examination to the association. The statute governing state savings banks is amended by (i) mandating instructions for handling reports of examination and (ii) providing authorization to examine a savings bank's affiliates.


FULL TEXT

HISTORY