6.1-234 - (Repealed effective October 1, 2010) Amount of loan. - Virginia Statutes

§ 6.1-234. (Repealed effective October 1, 2010) Amount of loan.

No loan made by an industrial loan association shall be made for a greateramount in the aggregate to any person, firm or corporation than twentypercent of the paid-in capital stock and capital surplus of the association.

(Code 1950, §§ 6-250, 6-253, 6-254; 1952, c. 70; 1956, c. 433; 1966, c. 584;1968, c. 754; 1975, c. 448; 1981, c. 56.)