{"data":{"id":"us-va/va.-code-6.2-871","jurisdiction":"us-va","citation":"Va. Code § 6.2-871","heading":"Investment in stock or securities of bank service corporations","body":"A. As used in this section, \"bank service corporation\" means a corporation engaged primarily in rendering services, other than the renting of the bank premises or the furnishing of furniture or fixtures, to two or more banks.B. A bank may acquire, own, and hold the stock and other securities or obligations of a bank service corporation in an amount not to exceed 10 percent of the bank's capital stock and permanent surplus. A bank may not invest in any bank service corporation unless it uses or intends to use the services of the bank service corporation. A bank may not invest in more than one bank service corporation without the consent of the Commission.C. Stock in a Federal Reserve Bank shall not be considered stock of a bank service corporation within the meaning of this section.Code 1950, § 6-49.1; 1962, c. 38; 1966, c. 584, § 6.1-58; 2010, c. 794.","path":["Title 6.2. FINANCIAL INSTITUTIONS AND SERVICES","Subtitle II. DEPOSITORY INSTITUTIONS AND TRUST ORGANIZATIONS","Chapter 8. BANKS","Article 9. INVESTMENTS AND LOANS"],"source_url":"https://law.lis.virginia.gov/vacode/6.2-871/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:12:34Z","sha256":"f3673737ba44160faa2b60f526e0b3d4d79876a4b8cd77168ef685f4b799696f","source_id":"us-va","stale":true,"prev":"us-va/va.-code-6.2-870","next":"us-va/va.-code-6.2-872"},"notice":"GroundRules: Original legal text. Not legal advice."}