Va. Code § 6.2-1359

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

Section 6.2-1359 - Payment for shares; transfers; lien on shares

Shares shall be paid for in money. Shares may be subscribed to, paid for, and transferred in such manner as the bylaws prescribe. The credit union shall have a lien on the shares, including share accounts of a member in his individual, joint, or trust accounts and upon any dividends payable thereon as security for all debts and obligations owed by, and for any loan endorsed by, such member to the credit union.

Va. Code § 6.2-1359

Code 1950, § 6-214; 1956, c. 90; 1966, c. 584, § 6.1-206; 1968, c. 560; 1975, c. 33; 1990, c. 373, § 6.1-225.42; 2010, c. 794.

Amended by Acts 2010, § c. 794.

Amended by Acts 1990, § c. 373, § 6.1-225.42.

Amended by Acts 1975, § c. 33.

Amended by Acts 1968, § c. 560.

Amended by Acts 1966, § c. 584, § 6.1-206.

Amended by Acts 1956, § c. 90.