Discount by officer, director, or employee of refused paper

Va. Code Ann. § 6.2-1030
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
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 .
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/6.2-1030/Fetched: 10/17/2026

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