§ 6.1-391. (Repealed effective October 1, 2010) Definitions.
As used in this chapter:
"Bank" means a bank or trust company created under this title or a nationalbanking association created under the National Bank Act, 12 U.S.C. § 21 etseq., after the effective date of this chapter.
"Out-of-state bank holding company" means a bank holding company as definedin the Bank Holding Company Act of 1956, as amended (12 U.S.C. § 1841 etseq.), with banking subsidiaries whose operations are principally conductedin a state other than Virginia. For purposes of this chapter, the state inwhich the operations of a bank holding company's bank subsidiaries areprincipally conducted is that state in which the total deposits of all suchbanking subsidiaries are greatest.
"Commissioner" means the Commissioner of Financial Institutions.
"Credit card bank" shall mean an institution as defined in and that hassatisfied the conditions set forth in subdivisions 1 through 7 of subsectionA of § 6.1-392.1.
"Divest" means to transfer all interest, legal or equitable, to a person orentity in which the transferor has no interest, direct or indirect, or whichhas no interest, direct or indirect, in the transferral.
"General business corporation" means any domestic corporation, any foreigncorporation which is qualified to do business in Virginia and any affiliateor subsidiary thereof. Excluded from this definition are bank holdingcompanies registered under the Bank Holding Company Act of 1956, as amended(12 U.S.C. § 1841 et seq.), public service corporations and subsidiaries oraffiliates thereof.
"Located in this Commonwealth" means, with respect to state-charteredbanks, banks created under the laws of this Commonwealth, and, with respectto national banking associations, banks whose organization certificateidentifies an address in this Commonwealth as the place in which its discountand deposit operations are to be carried out.
"Subsidiary" means, with respect to an out-of-state bank holding company,(i) any company twenty-five percent or more of whose voting shares aredirectly or indirectly owned or controlled by such bank holding company, orheld by it with power to vote; or (ii) any company in which the election of amajority of the directors is controlled in any manner by such bank holdingcompany.
§ 6.1-391. (Repealed effective October 1, 2010) Definitions.
As used in this chapter:
"Bank" means a bank or trust company created under this title or a nationalbanking association created under the National Bank Act, 12 U.S.C. § 21 etseq., after the effective date of this chapter.
"Out-of-state bank holding company" means a bank holding company as definedin the Bank Holding Company Act of 1956, as amended (12 U.S.C. § 1841 etseq.), with banking subsidiaries whose operations are principally conductedin a state other than Virginia. For purposes of this chapter, the state inwhich the operations of a bank holding company's bank subsidiaries areprincipally conducted is that state in which the total deposits of all suchbanking subsidiaries are greatest.
"Commissioner" means the Commissioner of Financial Institutions.
"Credit card bank" shall mean an institution as defined in and that hassatisfied the conditions set forth in subdivisions 1 through 7 of subsectionA of § 6.1-392.1.
"Divest" means to transfer all interest, legal or equitable, to a person orentity in which the transferor has no interest, direct or indirect, or whichhas no interest, direct or indirect, in the transferral.
"General business corporation" means any domestic corporation, any foreigncorporation which is qualified to do business in Virginia and any affiliateor subsidiary thereof. Excluded from this definition are bank holdingcompanies registered under the Bank Holding Company Act of 1956, as amended(12 U.S.C. § 1841 et seq.), public service corporations and subsidiaries oraffiliates thereof.
"Located in this Commonwealth" means, with respect to state-charteredbanks, banks created under the laws of this Commonwealth, and, with respectto national banking associations, banks whose organization certificateidentifies an address in this Commonwealth as the place in which its discountand deposit operations are to be carried out.
"Subsidiary" means, with respect to an out-of-state bank holding company,(i) any company twenty-five percent or more of whose voting shares aredirectly or indirectly owned or controlled by such bank holding company, orheld by it with power to vote; or (ii) any company in which the election of amajority of the directors is controlled in any manner by such bank holdingcompany.
§ 6.1-391. (Repealed effective October 1, 2010) Definitions.
As used in this chapter:
"Bank" means a bank or trust company created under this title or a nationalbanking association created under the National Bank Act, 12 U.S.C. § 21 etseq., after the effective date of this chapter.
"Out-of-state bank holding company" means a bank holding company as definedin the Bank Holding Company Act of 1956, as amended (12 U.S.C. § 1841 etseq.), with banking subsidiaries whose operations are principally conductedin a state other than Virginia. For purposes of this chapter, the state inwhich the operations of a bank holding company's bank subsidiaries areprincipally conducted is that state in which the total deposits of all suchbanking subsidiaries are greatest.
"Commissioner" means the Commissioner of Financial Institutions.
"Credit card bank" shall mean an institution as defined in and that hassatisfied the conditions set forth in subdivisions 1 through 7 of subsectionA of § 6.1-392.1.
"Divest" means to transfer all interest, legal or equitable, to a person orentity in which the transferor has no interest, direct or indirect, or whichhas no interest, direct or indirect, in the transferral.
"General business corporation" means any domestic corporation, any foreigncorporation which is qualified to do business in Virginia and any affiliateor subsidiary thereof. Excluded from this definition are bank holdingcompanies registered under the Bank Holding Company Act of 1956, as amended(12 U.S.C. § 1841 et seq.), public service corporations and subsidiaries oraffiliates thereof.
"Located in this Commonwealth" means, with respect to state-charteredbanks, banks created under the laws of this Commonwealth, and, with respectto national banking associations, banks whose organization certificateidentifies an address in this Commonwealth as the place in which its discountand deposit operations are to be carried out.
"Subsidiary" means, with respect to an out-of-state bank holding company,(i) any company twenty-five percent or more of whose voting shares aredirectly or indirectly owned or controlled by such bank holding company, orheld by it with power to vote; or (ii) any company in which the election of amajority of the directors is controlled in any manner by such bank holdingcompany.
