Section 20. Scope

Latest version.

This chapter governs acquisitions intra-state of control of state savings institutions and of state savings institution holding companies, and acquisitions by such holding companies. It governs the examination, supervision and regulation of state savings institution holding companies. This chapter does not apply to any inter-state acquisition authorized by Article 5 (§ 6.2-1148 et seq. of the Code of Virginia) of Chapter 11 of Title 6.2, or to the reporting, examination, supervision, and regulation of any regional savings institution holding company resulting from such an inter-state transaction; such matters are governed entirely by Article 5 and by any regulation adopted pursuant thereto.

Historical Notes

Derived from VR225-01-0301, eff. June 3, 1986; amended, July 1, 1990; Volume 28, Issue 01, eff. September 1, 2011.

Statutory Authority

§§ 6.2-1192 and 12.1-13 of the Code of Virginia.

                    
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