6.1-86 - (Repealed effective October 1, 2010) Special examinations. - Virginia Statutes

§ 6.1-86. (Repealed effective October 1, 2010) Special examinations.

The Commission shall also, upon written application made to it by the boardof directors or by the stockholders representing two-fifths of the totaloutstanding capital stock of any bank incorporated under the laws of, anddoing business in, this Commonwealth, or whenever, in the judgment of theCommission, it may be necessary for the protection of the public or ofpersons depositing or dealing with such bank, cause to be made a specialexamination of such bank. All expenses incident to such special examinationmay be charged to the bank so examined and shall be paid by the bank socharged.

(Code 1950, § 6-108; 1966, c. 584; 1976, c. 658.)