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1999 SESSION

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SB 897 Banking and finance; investment in stock or securities.

Introduced by: Richard J. Holland | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED:

Banking and finance; investment in stock or securities of controlled subsidiary corporations. Clarifies that all controlled subsidiaries of Virginia banks may charge such interest, finance charges, etc., as the parent bank could charge, and that this ability is not limited to bank subsidiaries engaged in international banking.

SUMMARY AS INTRODUCED:

Banking and finance; investment in stock or securities of controlled subsidiary corporations. Clarifies that all controlled subsidiaries of Virginia banks may charge such interest, finance charges, etc., as the parent bank could charge, and that this ability is not limited to bank subsidiaries engaged in international banking.