6.1-225.4 - (Repealed effective October 1, 2010) Examinations. - Virginia Statutes

§ 6.1-225.4. (Repealed effective October 1, 2010) Examinations.

Each credit union shall be examined as often as the Commission deems such anexamination to be in the interest of its members. An examination shall beconducted at least twice in every three-year period. The examiners shall begiven free access to all books, papers, securities, and other sources ofinformation in respect to such credit union. For the purpose of making suchexamination, the Commission may subpoena and examine personally witnessesunder oath, whether such witnesses are members of the credit union or not,and may require the production of any documents, whether such documents aredocuments of the credit union or not.

All expenses incident to any special examination which may be necessary shallbe paid by the credit union so examined.

(Code 1950, § 6-230; 1956, c. 176; 1966, c. 584, § 6.1-221; 1976, c. 658;1981, c. 521; 1990, c. 373.)