{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/6.2-1110.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/6.2-1110.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/6.2-1110.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/6.2-1110.html"}],"law_id":373636,"edition_id":2,"section_id":373636,"structure_id":53166,"section_number":"6.2-1110","catch_line":"Membership in facilitating organizations or instrumentalities","history":"1985, c. 425, \u00a7 6.1-194.4; 2010, c. 794.","full_text":"A savings institution may become a member of, deal with, maintain reserves or deposits with, or make reasonable payments or contributions to, and comply with any reasonable requirements or conditions of eligibility of, any government or private organization or instrumentality to the extent that the organization or instrumentality assists in furthering or facilitating the institution’s purposes, powers, services or community responsibilities. This section shall not be construed to permit a savings institution to establish deposit or reserve accounts with any financial institution or other entity if its accounts are not insured by federal agency or other insurer approved by the Commissioner.\n\n","order_by":null,"text":{"0":{"id":1394464,"text":"A savings institution may become a member of, deal with, maintain reserves or deposits with, or make reasonable payments or contributions to, and comply with any reasonable requirements or conditions of eligibility of, any government or private organization or instrumentality to the extent that the organization or instrumentality assists in furthering or facilitating the institution’s purposes, powers, services or community responsibilities. This section shall not be construed to permit a savings institution to establish deposit or reserve accounts with any financial institution or other entity if its accounts are not insured by federal agency or other insurer approved by the Commissioner.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":53166,"edition_id":2,"name":"General Provisions","identifier":"1","label":"article","depth":4,"order_by":1,"parent_id":53165,"metadata":{"child_laws":14,"child_structures":0},"date_created":"2026-08-02 03:11:54","date_modified":"2026-08-02 12:28:02","permalink":{"id":1491105,"object_type":"structure","relational_id":53166,"identifier":"1","token":"6.2\/II\/11\/1","url":"\/6.2\/II\/11\/1\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53165,"edition_id":2,"name":"Savings Institutions","identifier":"11","label":"chapter","depth":3,"order_by":5,"parent_id":53156,"metadata":{"child_laws":106,"child_structures":9},"date_created":"2026-08-02 03:11:54","date_modified":"2026-08-02 12:28:02","permalink":{"id":1491103,"object_type":"structure","relational_id":53165,"identifier":"11","token":"6.2\/II\/11","url":"\/6.2\/II\/11\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53156,"edition_id":2,"name":"Depository Institutions and Trust Organizations","identifier":"II","label":"subtitle","depth":2,"order_by":2,"parent_id":53152,"metadata":{"child_laws":483,"child_structures":51},"date_created":"2026-08-02 03:11:42","date_modified":"2026-08-02 12:27:56","permalink":{"id":1490687,"object_type":"structure","relational_id":53156,"identifier":"II","token":"6.2\/II","url":"\/6.2\/II\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53152,"edition_id":2,"name":"Financial Institutions and Services","identifier":"6.2","label":"title","depth":1,"order_by":10,"parent_id":null,"metadata":{"child_laws":961,"child_structures":89},"date_created":"2026-08-02 03:11:41","date_modified":"2026-08-02 12:27:53","permalink":{"id":1490251,"object_type":"structure","relational_id":53152,"identifier":"6.2","token":"6.2","url":"\/6.2\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":373626,"structure_id":53166,"section_number":"6.2-1100","catch_line":"Definitions","url":"\/6.2-1100\/","token":"6.2\/II\/11\/1\/6.2-1100","metadata":false},{"id":373627,"structure_id":53166,"section_number":"6.2-1101","catch_line":"Construction and application of chapter","url":"\/6.2-1101\/","token":"6.2\/II\/11\/1\/6.2-1101","metadata":{"court_decisions":""}},{"id":373628,"structure_id":53166,"section_number":"6.2-1102","catch_line":"Associations operating share accumulation loan plans; continued operation","url":"\/6.2-1102\/","token":"6.2\/II\/11\/1\/6.2-1102","metadata":false},{"id":373629,"structure_id":53166,"section_number":"6.2-1103","catch_line":"Prohibitions on conduct of savings institution business; exceptions; penalty","url":"\/6.2-1103\/","token":"6.2\/II\/11\/1\/6.2-1103","metadata":false},{"id":373630,"structure_id":53166,"section_number":"6.2-1104","catch_line":"False statements and similar actions prohibited; penalty","url":"\/6.2-1104\/","token":"6.2\/II\/11\/1\/6.2-1104","metadata":false},{"id":373631,"structure_id":53166,"section_number":"6.2-1105","catch_line":"Use of savings institution name, logo, or symbol for marketing purposes; penalty","url":"\/6.2-1105\/","token":"6.2\/II\/11\/1\/6.2-1105","metadata":false},{"id":373632,"structure_id":53166,"section_number":"6.2-1106","catch_line":"Prohibitions on the use of certain terms; exceptions; penalty","url":"\/6.2-1106\/","token":"6.2\/II\/11\/1\/6.2-1106","metadata":false},{"id":373633,"structure_id":53166,"section_number":"6.2-1107","catch_line":"Defamation of savings institutions and certain federal agencies prohibited; penalty","url":"\/6.2-1107\/","token":"6.2\/II\/11\/1\/6.2-1107","metadata":false},{"id":373634,"structure_id":53166,"section_number":"6.2-1108","catch_line":"Membership in Federal Home Loan Bank and Federal Deposit Insurance Corporation authorized; insurance required as a condition to receiving deposits; representations that accounts are insured; misleading advertisements","url":"\/6.2-1108\/","token":"6.2\/II\/11\/1\/6.2-1108","metadata":false},{"id":373635,"structure_id":53166,"section_number":"6.2-1109","catch_line":"Representations that accounts are insured; misleading advertisements","url":"\/6.2-1109\/","token":"6.2\/II\/11\/1\/6.2-1109","metadata":false},{"id":373636,"structure_id":53166,"section_number":"6.2-1110","catch_line":"Membership in facilitating organizations or instrumentalities","url":"\/6.2-1110\/","token":"6.2\/II\/11\/1\/6.2-1110","metadata":false},{"id":373637,"structure_id":53166,"section_number":"6.2-1111","catch_line":"Authority to purchase, convey or manage property in which state savings institution has a security interest; time limitation","url":"\/6.2-1111\/","token":"6.2\/II\/11\/1\/6.2-1111","metadata":false},{"id":373638,"structure_id":53166,"section_number":"6.2-1112","catch_line":"Applicability of Virginia Uniform Commercial Code to commercial paper and depository activities of savings institutions","url":"\/6.2-1112\/","token":"6.2\/II\/11\/1\/6.2-1112","metadata":false},{"id":373639,"structure_id":53166,"section_number":"6.2-1113","catch_line":"Discoverability or admissibility of compliance review committee documents","url":"\/6.2-1113\/","token":"6.2\/II\/11\/1\/6.2-1113","metadata":false}],"previous_section":{"id":373635,"structure_id":53166,"section_number":"6.2-1109","catch_line":"Representations that accounts are insured; misleading advertisements","url":"\/6.2-1109\/","token":"6.2\/II\/11\/1\/6.2-1109","metadata":false},"next_section":{"id":373637,"structure_id":53166,"section_number":"6.2-1111","catch_line":"Authority to purchase, convey or manage property in which state savings institution has a security interest; time limitation","url":"\/6.2-1111\/","token":"6.2\/II\/11\/1\/6.2-1111","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-1110\/","history_text":"

This law was first created in 1985. The record of its establishment is cataloged in chapter 425 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1985 \u201cActs\u201d aren\u2019t available online. It has been modified 1 time. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. That modification is as follows: in 2010, chapter 794<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":1491147,"object_type":"law","relational_id":373636,"identifier":"6.2-1110","token":"6.2\/II\/11\/1\/6.2-1110","url":"\/6.2-1110\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/6.2-1110\/","token":"6.2\/II\/11\/1\/6.2-1110","dublin_core":{"Title":"Membership in facilitating organizations or instrumentalities","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-1110","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A savings institution<\/span> may become a member<\/span> of, deal with, maintain reserves or deposits with, or make reasonable payments or contributions to, and comply with any reasonable requirements or conditions of eligibility of, any government or private organization or instrumentality to the extent that the organization or instrumentality assists in furthering or facilitating the institution’s purposes, powers, services or community responsibilities. This section shall not be construed to permit a savings institution<\/span> to establish deposit or reserve accounts<\/span> with any financial institution<\/span> or other entity<\/span> if its accounts<\/span> are not insured by federal agency or other insurer approved by the Commissioner<\/span>.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nMEMBERSHIP IN FACILITATING ORGANIZATIONS OR INSTRUMENTALITIES (\u00a7 6.2-1110)\n\nA savings institution may become a member of, deal with, maintain reserves or\ndeposits with, or make reasonable payments or contributions to, and comply with\nany reasonable requirements or conditions of eligibility of, any government or\nprivate organization or instrumentality to the extent that the organization or\ninstrumentality assists in furthering or facilitating the institution’s\npurposes, powers, services or community responsibilities. This section shall not\nbe construed to permit a savings institution to establish deposit or reserve\naccounts with any financial institution or other entity if its accounts are not\ninsured by federal agency or other insurer approved by the Commissioner.\n\nHISTORY: 1985, c. 425, \u00a7 6.1-194.4; 2010, c. 794.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}