Chap. 113.—An ACT to amend and re-enact section 4131 of the Code of Virginia.
(S B 140]

Approved March 9, 1928

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

Section 4131. Unlawful use of the term “bank,” “banker” or “bank-
ing”.—No person, co-partnership or corporation not lawfully engaged
in the business of banking in this State and subject to the supervision
of the State corporation commission by the provisions of this chapter
or authorized to transact a banking business under the laws of the
United States shall make use of any office sign having thereon any
artificial or corporate name or other words indicating that any such
place or office is the place or office of a bank, savings bank, trust com-
pany, banker or a place of banking, nor shall any person, co-partner-
ship or corporation make use of or circulate any letterheads, billheads,
blank notes, blank receipts, certificates, circulars or any written or
printed paper whatever, having thereon any artificial or corporate name
or word or words indicating that such business is the business of a
bank, savings bank, trust company or banker or a place of banking;
nor shall any person, co-partnership or corporation use the word
“bank,” “savings bank,” “banking,” “banker,” or “trust” or the plural
of any such word or words in any business, or in connection with any
other business than that of the business of banking as defined under
this chapter. Any person or persons violating the provisions of this
or the preceding section, either individually or as an interested party,
in any co-partnership or corporation, shall be guilty of a misdemeanor.
The State corporation commission shall have authority to examine
the accounts, books and papers of any person, co-partnership or cor-
poration whom it has reason to suspect is doing a banking business
within the intent of this chapter, in order to ascertain whether such
person, co-partnership, or corporation has violated, or is violating, any
Provision of this chapter, and the refusal to submit such accounts,
books, and papers shall be prima facie evidence of such violation; but
nothing in this chapter shall apply to any private banker or firm of
bankers, who shall have been engaged in business on the first day of
January, nineteen hundred and ten. The use of the above terms in the
name of any corporation or in connection with any other business
shall not be prohibited where the context or remaining words show
clearly and definitely that the corporation or business is not a bank
or trust company and is not carrying on a banking or trust business.

2. An emergency existing, this act shall be in force from its passage.