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Our Law Firm believes that clients' success determines our own. Lawrence White argues convincingly that the term bailout is highly misleading because almost all of the funds expended to rescue insolvent S&Ls are funds that the FSLIC was obligated to pay depositors in the event of the S&Ls' insolvency. Act 67 amended the section heading and subsecs. (a) and (b). It also vests authority for running the corporation in the board of directors. A Virginia business entity or a foreign business entity that is authorized to transact business in Virginia may also serve as the registered agent of another business entity if it agrees to serve in the capacity.
Pages: 336
Publisher: Practising Law Institute (1998)
ISBN: 0872244628
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