Discount by officer, director, or employee of paper refused by bank

1. Law
2. Code of Virginia
3. Financial Institutions and Services
4. Banks
5. Discount by officer, director, or employee of paper refused by bank

No officer, director, or employee of a bank may purchase or discount any note or paper at a rate of interest in excess of what such bank might charge knowing that such bank 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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