CHAP. 147.—An ACT to amend and re-enact section 4104 of the Code of

Virginia of 1919, as amended and re-enacted by an act approved March

28, 1922. [H B 88]
Approved March 29, 1923.

1. Be it enacted by the general assembly of Virginia, That
section forty-one hundred and four of the Code of Virginia of
nineteen hundred and nineteen, as amended and re-enacted by
an act approved March twenty-third, nineteen hundred and
twenty-two, be amended and re-enacted so as to read as follows:

Section 4104. Limitation to amount invested in bank build-
ing, furniture and fixtures.—It shall hereafter be unlawful for
any bank or trust company, incorporated under the laws of this
State, in invest in its bank building and premises, including its
furniture and fixtures, an amount greater than fifty per centum
of its paid-in capital stock and its surplus undiminished by losses.
If, subsequent to any such investment, the surplus of any such
bank or trust company be diminished by losses so that the said
investment shall amount to more than fifty per centum of its
paid-in capital stock and its remaining surplus, such bank or
trust company shall not pay dividends in excess of a rate of six
per centum per annum until such surplus and the paid-in capital
stock of such bank or trust company shall again be equal to
double the value of its bank building and premises, including its
furniture and fixtures. For any violation of this section the di-
rectors of the offending corporation shall individually be re-
sponsible.