{"data":{"id":"us-va/va.-code-6.2-808","jurisdiction":"us-va","citation":"Va. Code § 6.2-808","heading":"Incorporation; corporate powers","body":"A. A bank may be incorporated under the Virginia Stock Corporation Act (§ 13.1-601 et seq.), but need not comply with the provisions of subsection A of § 13.1-630.B. Except as otherwise provided in this chapter, a bank shall:1. Have all the powers conferred on corporations, and be subject to all restrictions imposed on corporations, by the Virginia Stock Corporation Act;2. Not issue its shares for any consideration except money at least equal in amount to the par value of its shares; and3. Not issue no-par stock.Code 1950, § 6-10; 1956, c. 433; 1966, c. 584, § 6.1-6; 1987, c. 556; 2010, c. 794.","path":["Title 6.2. FINANCIAL INSTITUTIONS AND SERVICES","Subtitle II. DEPOSITORY INSTITUTIONS AND TRUST ORGANIZATIONS","Chapter 8. BANKS","Article 2. INCORPORATION AND POWERS"],"source_url":"https://law.lis.virginia.gov/vacode/6.2-808/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:12:34Z","sha256":"9d7190b897b255db30f2a476d593ec4f32411cf6e38b2e52b37da5960dd2bcfa","source_id":"us-va","stale":true,"prev":"us-va/va.-code-6.2-807","next":"us-va/va.-code-6.2-809"},"notice":"GroundRules: Original legal text. Not legal advice."}