Administrative Code

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Virginia Administrative Code
Title 10. Finance And Financial Institutions
Agency 5. State Corporation Commission
Chapter 30. Savings Institution Holding Companies

10VAC5-30-90. Cease and desist order.

If the Commission finds that any action or activity, current or proposed, of a state savings institution holding company, or of any affiliate or subsidiary thereof, is detrimental to the safety or soundness of any state savings institution, the Commission, after reasonable notice to the holding company and an opportunity for it to be heard, may order the holding company to cease and desist from such action or activity.

Statutory Authority

§ 6.2-1192 of the Code of Virginia.

Historical Notes

Derived from VR225-01-0301, eff. June 3, 1986; amended, July 1, 1990.

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