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.

2022 SESSION

• history | hilite | pdf | print version

CHAPTER 676 An Act to amend and reenact § 6.2-1301 of the Code of Virginia, relating to credit unions; priority of shares. [S 326] Approved April 11, 2022

 

Be it enacted by the General Assembly of Virginia:

1. That § 6.2-1301 of the Code of Virginia is amended and reenacted as follows:

§ 6.2-1301. Effect of ownership of a share account.

A. Ownership of a share account confers membership and voting rights as set forth in the credit union bylaws and represents an interest in the capital of the credit union upon dissolution or conversion to another type of institution.

B. Shares shall be subordinate to all other obligations of the credit union.