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Code of Virginia · § 6.2-1030 — Discount by officer, director, or employee of refused paper

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.

History and annotations

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

Official source for this version

Source captured 2026-09-25. Open the official source.

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