Virginia § 6.2-703 - Acquisition of interest in entity other than financial institution by financial institutions
Full text of Virginia Code of Virginia § 6.2-703 — Acquisition of interest in entity other than financial institution by financial institutions, with citation guidance and answers to common questions.
§ 6.2-703. Acquisition of interest in entity other than financial institution by financial institutions
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.
1978, c. 683, § 6.1-383; 1983, cc. 193, 194; 2010, c. 794.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 6.2-703
What does Code of Virginia § 6.2-703 cover?
Section 6.2-703 ("Acquisition of interest in entity other than financial institution by financial institutions") is part of the Code of Virginia, the codified statutory law of Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Virginia § 6.2-703?
A common citation format is "Code of Virginia § 6.2-703" (Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 6.2-703 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Virginia.