6.1-194.130 - (Repealed effective October 1, 2010) Consolidation or merger. - Virginia Statutes

§ 6.1-194.130. (Repealed effective October 1, 2010) Consolidation or merger.

Two or more state savings banks may consolidate or merge, subject to theapproval of the Commission, when the Commission finds that the capital of theresulting institution will be sufficient to warrant successful operation, andthat the merger or consolidation will be in the public interest and inaccordance with applicable laws and regulations. The order approving theconsolidation or merger shall specify which office is to be the main officeand which office or offices may be operated as branch offices.

(1991, c. 230.)