SEARCH SITE
VIRGINIA LAW PORTAL
- Code of Virginia
- Virginia Administrative Code
- Constitution of Virginia
- Charters
- Authorities
- Compacts
- Uncodified Acts
- RIS Users (account required)
SEARCHABLE DATABASES
- Bills & Resolutions
session legislation - Bill Summaries
session summaries - Reports to the General Assembly
House and Senate documents - Legislative Liaisons
State agency contacts
ACROSS SESSIONS
- Subject Index: Since 1995
- Bills & Resolutions: Since 1994
- Summaries: Since 1994
Developed and maintained by the Division of Legislative Automated Systems.
2012 SESSION
Be it enacted by the General Assembly of Virginia:
1. That § 6.2-1323 of the Code of Virginia is amended and reenacted as follows:
§ 6.2-1323. Amendments to articles of incorporation and bylaws.
The A. Subject to the provisions of subsection B and
§§ 13.1-886, 13.1-892, and 13.1-893, the articles of incorporation or the
bylaws of a credit union may be amended as provided in the articles and bylaws,
as the case may be, subject to §§ 13.1-886, 13.1-892, and 13.1-893.
Amendments to the articles of incorporation shall be accomplished as provided
in §§ 13.1-888 and 13.1-889. Proposed
B. If proposed amendments to the articles of
incorporation or bylaws include an amendment to expand the field of
membership of a credit union, then the amendments shall be submitted to the
Commissioner, who shall approve or disapprove proposed amendments
them within 30 days. A bylaw amendment shall be effective upon its
approval by the Commissioner. No amendment amendments to the
articles of incorporation or bylaws that would include an amendment
to expand the field of membership of a credit union shall be
effective until such amendment has been approved by the Commissioner. When
any such change in bylaws or articles of incorporation is proposed, the
Commissioner, who may extend the period for approval as he may deem
necessary for as much as an additional 30 days.