6.1-89 - (Repealed effective October 1, 2010) Revaluation of assets after examination. - Virginia Statutes

§ 6.1-89. (Repealed effective October 1, 2010) Revaluation of assets afterexamination.

Whenever it shall appear to the Commission, from an examination of any bank,that any of the assets thereof are valued by the bank at an amount in excessof their fair and reasonable value, the Commission may, after such bank shallhave been given an opportunity to be heard by the Commission, require suchbank to revalue such assets on the basis of their fair and reasonable value.

(Code 1950, § 6-111; 1966, c. 584.)