6.2-1193 - (Effective October 1, 2010) Statements to be furnished by Commission to directors of savings institutions. - Virginia Statutes

§ 6.2-1193. (Effective October 1, 2010) Statements to be furnished byCommission to directors of savings institutions.

The Commission shall prepare and make available to each member of the boardof directors of every state savings institution a statement describinggenerally their duties and responsibilities. The statement shall include abrief outline of the examining procedure employed by the Commission, anexplanation of the distinction between an examination and an audit, and anyinformation that the Commission deems necessary to apprise the directors ofthe necessity for an adequate system of internal controls.

(Code 1950, § 6-201.59; 1960, c. 402; 1966, c. 584, § 6.1-189, §; 1972, c.796, § 6.1-195.69; 1985, c. 425, § 6.1-194.77; 1991, c. 230, § 6.1-194.143;2010, c. 794.)