Discount by officer, director, or employee of refused paper

1. Law
2. Code of Virginia
3. Financial Institutions and Services
4. Entities Conducting Trust Business
5. 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.

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