Section 38.2-1005.1:3 - Mutual holding company membership interestA. A member of a mutual holding company shall not transfer membership in the company or any right arising from membership.B. A member of a mutual holding company shall not, as a member, be personally liable for or subject to assessment on account of any act, debt, liability or obligation of the MHC or of any entity owned or controlled by the MHC.C. A membership interest in a mutual holding company shall not constitute a security under the laws of the Commonwealth.Amended by Acts 2001, § c. 726.