§ 6.2-867 — Discount by officer, director, or employee of paper refused by bank

Virginia § 6.2-867

• Jurisdiction: Virginia
• Title 6.2: FINANCIAL INSTITUTIONS AND SERVICES
• Subtitle II: DEPOSITORY INSTITUTIONS AND TRUST ORGANIZATIONS
• Ch. 8: BANKS
• Art. 8: DIRECTORS AND OFFICERS; DIVIDENDS

Text

No officer, director, or employee of a bank may purchase or discount any note or paper at a rate of interest in excess of what such bank might charge knowing that such bank has refused to purchase or discount such paper.

Legislative History

Code 1950, § 6-44; 1966, c. 584, § 6.1-53; 2010, c. 794.