6.2-903 - (Effective October 1, 2010) Revaluation of assets after examination. - Virginia Statutes

§ 6.2-903. (Effective October 1, 2010) Revaluation of assets afterexamination.

If it appears to the Commission, from an examination of any bank, that any ofthe bank's assets are valued by the bank at an amount in excess of their fairand reasonable value, the Commission, after the bank has been given anopportunity for a hearing before the Commission, may require the bank torevalue the assets on the basis of their fair and reasonable value.

(Code 1950, § 6-111; 1966, c. 584, § 6.1-89; 2010, c. 794.)