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Virginia Law

Code of Virginia

Table of Contents » Title 6.2. Financial Institutions and Services » Subtitle II. Depository Institutions and Trust Organizations » Chapter 10. Entities Conducting Trust Business » Article 2. Trust Companies » § 6.2-1030. Discount by officer, director, or employee of refused paper

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Code of Virginia
Title 6.2. Financial Institutions and Services
Chapter 10. Entities Conducting Trust Business

7/8/2025

§ 6.2-1030. Discount by officer, director, or employee of refused paper.

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

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

The chapters of the acts of assembly referenced in the historical citation at the end of this section may not constitute a comprehensive list of such chapters and may exclude chapters whose provisions have expired.