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1997 SESSION

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SB 856 Banks; agent for depository institution.

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

SUMMARY:

Banks; bank agent for depository institution. Clarifies a Virginia bank's ability to act as an agent for other depository institutions. This bill removes, with reference to state banks, certain limitations placed on national banks by federal law. As a Virginia corporation, a Virginia bank has the ability to act as an agent for other depository institutions.


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