6.1-194.24 - (Repealed effective October 1, 2010) Liability of members of mutual savings institutions. - Virginia Statutes

§ 6.1-194.24. (Repealed effective October 1, 2010) Liability of members ofmutual savings institutions.

No member of a mutual savings institution shall be responsible for any losseswhich his savings account deposits shall not be sufficient to satisfy, and nosavings account shall be subject to assessment, nor shall the holder thereofbe liable for any unpaid installments on his account. No preference betweensavings account members of a mutual savings institution shall be created withrespect to the distribution of assets upon voluntary or involuntaryliquidation, dissolution, or winding up of such institution.

(1985, c. 425.)