As used in this chapter, unless a different meaning is required by the context, the following words and phrases shall have the following meanings:\n'Board of directors.' -- The board of directors of a corporation created under this chapter.\n'Commission.' -- The State Corporation Commission of Virginia.\n'Corporation.' -- A Virginia industrial development corporation created under the provisions of this chapter.\n'Financial institution.' -- Any bank, trust company, savings institution, industrial loan association or insurance company.\n'Loan limit.' -- For any member, the maximum amount permitted to be outstanding at one time on loans made by such member to a corporation as determined under the provisions of this chapter.\n'Member.' -- Any financial institution which shall undertake to lend money to a corporation created under this chapter, upon its call and in accordance with the provisions of this chapter.\nCode 1950, § 13.1-141; 1960, c. 80; 1985, c. 522; 1996, c. 77.
Virginia Legal Code