6.2-941 - (Effective October 1, 2010) Use of bank name, logo, or symbol for marketing purposes; penalty. - Virginia Statutes

§ 6.2-941. (Effective October 1, 2010) Use of bank name, logo, or symbol formarketing purposes; penalty.

A. As used in this section, "name, logo, or symbol, or any combinationthereof, of a bank" includes any name, logo, or symbol, or any combinationthereof, that is deceptively similar to the name, logo, or symbol, or anycombination thereof of a bank.

B. Except as provided in subsection C, no person shall use the name, logo, orsymbol, or any combination thereof, of a bank in marketing material providedto or solicitation of another person in a manner such that a reasonableperson may believe that the marketing material or solicitation originatedfrom or is endorsed by the bank or that the bank is responsible for themarketing material or solicitation.

C. This section shall not apply to (i) an affiliate or agent of the bank or(ii) a person who uses the name, logo, or symbol of a bank with the consentof the bank.

D. Any person violating the provisions of this section, either individuallyor as an interested party, is guilty of a Class 1 misdemeanor. This sectionshall not affect the availability of any remedies otherwise available to abank.

(2005, c. 240, § 6.1-119.1; 2010, c. 794.)