Amount of loan

Va. Code Ann. § 6.2-1410
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
No loan made by an association shall be made for a greater amount in the aggregate to any person than 20 percent of the paid-in capital stock and capital surplus of the association. Code 1950, §§ 6-250, 6-253, 6-254; 1952, c. 70; 1956, c. 433; 1966, c. 584, § 6.1-234; 1968, c. 754; 1975, c. 448; 1981, c. 56; 2010, c. 794 .
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/6.2-1410/Fetched: 10/17/2026

Starting a business in Virginia? Virginia LLC guide: costs and requirements