6.2-900 - (Effective October 1, 2010) Special examinations. - Virginia Statutes

§ 6.2-900. (Effective October 1, 2010) Special examinations.

The Commission, when (i) written application made to it by the board ofdirectors or by the stockholders representing two-fifths of the totaloutstanding capital stock of any bank incorporated under the laws of, anddoing business in, the Commonwealth or (ii) in the judgment of the Commissionit may be necessary for the protection of the public or of persons depositingor dealing with such bank, shall make or cause to be made a specialexamination of the bank. All expenses incident to such special examinationmay be charged to the bank so examined and shall be paid by the bank socharged.

(Code 1950, § 6-108; 1966, c. 584, § 6.1-86; 1976, c. 658; 2010, c. 794.)