Chap. 397.—An ACT to amend and re-enact section 4101 of the Code of Vir-
ginia, in relation to branch banks. [H B 388]

Approved March 24, 1926.

1. Beit enacted by the general assembly of Virginia, That section
forty-one hundred and one of the Code of Virginia, be amended and
re-enacted so as to read as follows:

Section 4101. When branch banks may be authorized; branches
already established; how operated; penalties.—No bank or trust com-
pany heretofore or hereafter incorporated under the laws of this State,
shall be authorized to engage in business in more than one place, ex-
cept that, in its discretion, the State corporation commission may
authorize banks having a paid-up and unimpaired capital of twenty-
five thousand dollars or over to establish branches. This section
however, shall not apply to branch banks already established. But
any branch bank heretofore or hereafter established shall not be
operated or advertised under any other name than that of the identical
name of the home bank, unless permission be first had and obtained
from the State corporation commission and unless such different name
shall contain or have added thereto language clearly indicating that
it is a branch bank and of what bank it is a branch. Any bank or
trust company violating the provisions of this section shall be liable
to a fine of one thousand dollars, to be imposed and judgment entered
therefor by the State corporation commission, and enforced by its
process.