6.1-194.77 - (Repealed effective October 1, 2010) Statements to be furnished by Commission to directors of savings institutions. - Virginia Statutes

§ 6.1-194.77. (Repealed effective October 1, 2010) Statements to be furnishedby Commission to directors of savings institutions.

The Commission shall prepare and make available to each member of the boardof directors of every state association a statement describing generallytheir duties and responsibilities. The statement shall include a briefoutline of the examining procedure employed by the Commission, an explanationof the distinction between an examination and an audit, and any informationwhich the Commission deems necessary to apprise the directors of thenecessity for an adequate system of internal controls.

(Code 1950, §§ 6-201.59, 6.1-189, 6.1-195.69; 1960, c. 402; 1966, c. 584;1972, c. 796; 1985, c. 425.)