Section 10. Disclosure on debt instruments; minimum amount and maturity

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No bond, debenture, or other evidence of debt, however described, shall be offered, nor shall any such instrument be issued for offer to the general public by advertisement or solicitation, unless such instrument states on its face in a prominent manner the words:

"This instrument is not a deposit. It is not insured or guaranteed by any governmental agency or private insurance company."

No such evidence of debt shall mature less than one year from its issuance, nor shall any such instrument be issued for an amount less than $1,000.

Historical Notes

Derived from VR225-01-0501, eff. February 6, 1975.

Statutory Authority

§ 6.2-1404 of the Code of Virginia.

                    
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