An Act to amend and reenact § 46.1-299, as amended, of the Code of Virginia, relating to devices signalling intention to turn or stop and rules therefor.
Volume 1968 Law 99
Volume | 1932 |
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Law Number | 140 |
Subjects |
Law Body
Chap. 140.—An ACT to amend an act entitled, “an act to revise, collate and codify
into one act the general statutes of the Commonwealth relating to banks and
banking, which act shall constitute and be designated and cited as the Virginia
banking act and to repeal all code sections and all acts and parts of acts in-
consistent therewith, and to provide penalties for the violation thereof,” ap-
proved March 27, 1928, as heretofore amended, by adding thereto a new sec-
tion to be numbered section 53-a empowering certain courts to authorize re-
ceivers for banks, appointed by such courts, to borrow money or arrange for
advances from certain agencies for the purpose of paying depositors the
amounts, in whole or in part, of their deposits. [S B 81]
Approved March 15, 1932
1. Be it enacted by the general assembly of Virginia, That an act
entitled “an act to revise, collate and codify into one act the general
statutes of the Commonwealth relating to banks and banking, which
act shall constitute and be designated and cited as the Virginia Bank-
ing act and to repeal all Code sections and all acts and parts of acts
inconsistent therewith, and to provide penalties for the violation
thereof,” approved March twenty-seventh, nineteen hundred and
twenty-eight, as heretofore amended, be amended by adding thereto
a new section numbered section fifty-three-a, which new section shall
read as follows:
Section 53-a. Every court in this State having jurisdiction to
appoint receivers shall have power in its discretion to authorize any
receiver or receivers appointed by such court for any bank or banks,
trust company or trust companies, in pursuance of the provisions of
this act, to make application for and contract for a loan or loans
from any corporation or agency authorized, among other purposes, to
make loans, upon the application of the receiver or receivers or liqui-
dating agent of any bank that is closed, or in process of liquidation,
secured by the assets of any such bank, which corporation or agency
has been or may hereafter be organized, or provided for by, or pur-
suant to, legislation, which has been or may hereafter be enacted
by the congress of the United States, which said loan or loans shall
be for the purpose of aiding in the reorganization or liquidation of
such banks, including the payment of liquidating dividends from the
proceeds thereof, and to secure any such loan or loans or advances
by the pledge, hypothecation or mortgage of any or all of the assets
of such bank or banks, trust company or trust companies, or in such
other manner as such court, in its discretion may authorize.
All acts or parts of acts inconsistent with this act are hereby re-
pealed.
2. An emergency existing, this act shall be in force from its
passage.