Va. Code § 6.2-1332

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

Section 6.2-1332 - Insurance of shares

Every credit union authorized to do business in the Commonwealth shall insure its members' shares with an approved insuring organization. A credit union that has been denied a commitment for insurance or fails to maintain insurance upon its shares shall either dissolve or merge with another credit union that is insured by such an insuring organization.

Va. Code § 6.2-1332

1974, c. 116, § 6.1-200.1; 1990, c. 373, § 6.1-225.26; 2010, c. 794.

Amended by Acts 2010, § c. 794.

Amended by Acts 1990, § c. 373, § 6.1-225.26.

Amended by Acts 1974, § c. 116, § 6.1-200.1.