No financial institution shall acquire more than five percent of the voting shares or otherwise gain control of any entity other than a financial institution without prior notice to the Commission.
Va. Code Ann. § 6.2-703
Acquisition of interest in entity other than financial institution by financial institutions
1978, c. 683, § 6.1-383; 1983, cc. 193, 194; 2010, c. 794.
Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.