Va. Code § 6.2-1102

Current with changes from the 2024 legislative session through ch. 845

Section 6.2-1102 - Associations operating share accumulation loan plans; continued operation

Notwithstanding any other provision of law with respect to the rates of interest that may be charged, an association that on September 1, 1959, was operating on a share accumulation loan plan whereby its earnings were equitably distributed to both its borrowers and its shareholders may continue to operate upon the same plan, but no additional loans shall be made or shares issued under such plan after July 1, 1974.

Va. Code § 6.2-1102

Code 1950, §§ 6-201.2; 1960, c. 402; 1966, c. 584, § 6.1-127; 1972, c. 796, § 6.1-195.2; 1974, c. 565; 1985, c. 425, § 6.1-194.91; 1986, cc. 500, 509; 1990, c. 3; 2010, c. 794.

Amended by Acts 2010, § c. 794.

Amended by Acts 1990, § c. 3.

Amended by Acts 1986, § cc. 500, 509.

Amended by Acts 1985, § c. 425, § 6.1-194.91.

Amended by Acts 1974, § c. 565.

Amended by Acts 1972, § c. 796, § 6.1-195.2.

Amended by Acts 1966, § c. 584, § 6.1-127.

Amended by Acts 1960, § c. 402.