Virginia Code 6.2-925: Definitions
Current as of: 2023 | Check for updates
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As used in this article, unless the context requires otherwise:
Terms Used In Virginia Code 6.2-925
- Bank: means any bank or trust company organized under the laws of the Commonwealth. See Virginia Code 6.2-925
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Corporation: means the Federal Deposit Insurance Corporation. See Virginia Code 6.2-925
- Includes: means includes, but not limited to. See Virginia Code 1-218
- Trust company: has the meaning assigned to it in § 6. See Virginia Code 6.2-800
- United States: includes the 50 states, the District of Columbia the Commonwealth of Puerto Rico, Guam, the Northern Mariana Islands and the United States Virgin Islands. See Virginia Code 1-255
“Bank” means any bank or trust company organized under the laws of the Commonwealth.
“FDIC” or “Corporation” means the Federal Deposit Insurance Corporation. The term includes any successor to the Corporation or any other agency or instrumentality of the United States that undertakes to discharge the purposes of the Corporation.
“Receivership court” means the circuit court that appoints a receiver for a bank pursuant to this article.
1983, c. 507, § 6.1-110.1; 2010, c. 794.