6.2-928 - (Effective October 1, 2010) Posting of notice; effect of posting notice. - Virginia Statutes

§ 6.2-928. (Effective October 1, 2010) Posting of notice; effect of postingnotice.

Immediately upon closing any bank with the intention of proceeding under theprovisions of this article, the Commissioner shall post an appropriate noticeof closing at the main entrance of the bank. Upon the posting of said notice,(i) no judgment lien, attachment lien, or voluntary lien shall thereafterattach to any asset of the bank and (ii) no director, officer, or agent ofthe bank thereafter shall have authority to act on behalf of the bank or toconvey, transfer, assign, pledge, mortgage, or encumber any asset thereof.

(1983, c. 507, § 6.1-110.4; 2010, c. 794.)