Statutes, codes, and regulations
Virginia Administrative Code
Title 10 - FINANCE AND FINANCIAL INSTITUTIONSAgency 5 - STATE CORPORATION COMMISSION
Chapter 40 - CREDIT UNIONS
Section 10VAC5-40-30 - Regular reserve accounts

10 Va. Admin. Code § 5-40-30

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Current through Register Vol. 41, No. 10, December 30, 2024
Section 10VAC5-40-30 - Regular reserve accounts

Pursuant to § 6.2-1377 of the Code of Virginia, a state credit union shall establish and maintain a regular reserve account in accordance with applicable provisions of Part 702 of the National Credit Union Administration Rules and Regulations, 12 CFR 702.1 through 702.403, regardless of § 6.2-1377 of the Code of Virginia.

10 Va. Admin. Code § 5-40-30

Derived from Virginia Register Volume 18, Issue 8, eff. December 15, 2001; amended, Virginia Register Volume 28, Issue 1, eff. September 1, 2011.

Statutory Authority

§§ 6.2-1303 and 12.1-13 of the Code of Virginia.