Chapter 13. Credit UnionsRead Chapter
- Article 1. General ProvisionsRead all
- § 6.2-1300
- Definitions
- § 6.2-1301
- Effect of ownership of a share account
- § 6.2-1302
- Powers
- § 6.2-1302.1
- Virtual currency custody services
- § 6.2-1303
- Regulations
- § 6.2-1304
- Franchise tax exemption
- § 6.2-1305
- Making or circulating derogatory statements affecting credit unions; penalty
- § 6.2-1306
- Unlawful use of words "credit union."
- § 6.2-1307
- Use of credit union name, logo, or symbol for marketing purposes; penalty
- Article 2. Supervision and RegulationRead all
- § 6.2-1308
- Supervision and regulation by Commission
- § 6.2-1309
- Examinations
- § 6.2-1310
- Fees for examination, supervision, and regulation
- § 6.2-1311
- Reports to Commission; penalty for failure to make reports
- § 6.2-1312
- Cease and desist orders; right to hearing
- § 6.2-1313
- Powers of Commission in case of nonobservance of law, noncompliance with orders, insufficient reserves, or approaching insolvency; appointment of receiver
- § 6.2-1314
- Penalties for violation of orders of Commission
- § 6.2-1315
- Removal of director or officer; penalty for acting after removal
- § 6.2-1316
- Offenses; penalty
- § 6.2-1317
- Supervisory merger or transfer of assets of insolvent or financially unstable credit union
- § 6.2-1318
- Repealed
- § 6.2-1319
- Involuntary dissolution
- Article 3. Formation of Credit UnionRead all
- § 6.2-1320
- Incorporation
- § 6.2-1321
- Certificate of authority
- § 6.2-1322
- Contents of bylaws; amendments to bylaws generally
- § 6.2-1323
- Amendments to articles of incorporation and bylaws
- § 6.2-1324
- Bylaws amended by Commission
- § 6.2-1325
- Fiscal year
- § 6.2-1326
- Establishing, moving, and closing offices
- Article 4. MembershipRead all
- § 6.2-1327
- Membership defined; field of membership
- § 6.2-1328
- Expansion of field of membership
- § 6.2-1329
- Membership meetings; voting
- § 6.2-1330
- Special meetings
- Article 5. Share InsuranceRead all
- § 6.2-1331
- Definitions
- § 6.2-1332
- Insurance of shares
- § 6.2-1333
- Establishment of corporation; purposes
- § 6.2-1334
- Contents of corporation bylaws; amendments thereto
- § 6.2-1335
- Application for membership; share insurance required
- § 6.2-1336
- Loss reserve contributions
- § 6.2-1337
- Annual and special assessments
- § 6.2-1338
- Duties and additional powers of corporation
- § 6.2-1339
- Duties and powers of Commission; judicial review
- § 6.2-1340
- Supervision, reports and examinations by Commission
- § 6.2-1341
- Audit by corporation and corrective measures; appeal
- § 6.2-1342
- Tax exemptions
- § 6.2-1343
- Inconsistent laws inapplicable
- Article 6. Change in Corporate StatusRead all
- § 6.2-1344
- Voluntary merger
- § 6.2-1345
- Voluntary dissolution
- § 6.2-1346
- Conversion of federal credit union to state credit union
- § 6.2-1347
- Conversion of state credit union to federal credit union
- § 6.2-1347.1
- Conversion to a state mutual savings institution
- Article 7. Direction of AffairsRead all
- § 6.2-1348
- Board of directors; number; election; term; appointment of supervisory and credit committees
- § 6.2-1349
- Board of directors; election of officers
- § 6.2-1350
- Executive committee
- § 6.2-1351
- Meetings of directors
- § 6.2-1352
- Compensation of officials
- § 6.2-1353
- Powers and duties of directors
- § 6.2-1354
- Credit committee or loan officers; appeal
- § 6.2-1355
- Supervisory committee; suspension and removal of officials
- § 6.2-1356
- Special audit
- § 6.2-1357
- Qualifications of officials
- Article 8. AccountsRead all
- § 6.2-1358
- Share accounts
- § 6.2-1359
- Payment for shares; transfers; lien on shares
- § 6.2-1360
- Dividends
- § 6.2-1361
- Ascertaining value of assets
- § 6.2-1362
- Minors' accounts
- § 6.2-1363
- Individual retirement accounts and retirement or pension plans
- § 6.2-1364
- Acceptance of money under Virginia Uniform Transfers to Minors Act
- § 6.2-1365
- Accounts of deceased or incapacitated person
- § 6.2-1366
- Repealed
- § 6.2-1367
- Application of provisions to federal credit unions
- § 6.2-1368
- Accounts of fiduciaries
- § 6.2-1369
- Credit union need not inquire as to fiduciary funds used to purchase shares in fiduciary's personal account
- Article 9. Loans and InvestmentsRead all
- § 6.2-1370
- Purpose and condition of loans
- § 6.2-1371
- Other charges
- § 6.2-1372
- Loan limits
- § 6.2-1373
- Loans to members of credit committee; nonmember loans
- § 6.2-1374
- Lines of credit
- § 6.2-1375
- Cooperative loans
- § 6.2-1376
- Authorized investments
- Article 10. ReservesRead all
- § 6.2-1377
- Maintenance of regular reserves; special reserves
- § 6.2-1378
- Use of reserves
- Article 11. Out-of-State Credit UnionsRead all
- § 6.2-1379
- Out-of-state credit unions
- § 6.2-1380
- Examinations; periodic reports; cooperative agreements; assessment of fees