Find Laws Find Lawyers Free Legal Forms USA State Laws

VIRGINIA STATUTES AND CODES

6.1-226.3 - (Repealed effective October 1, 2010) Establishment of corporation; purposes.

§ 6.1-226.3. (Repealed effective October 1, 2010) Establishment ofcorporation; purposes.

Nine or more natural persons, all of whom are duly authorizedrepresentatives, respectively, of nine or more credit unions may, pursuant tothe provisions of the Virginia Nonstock Corporation Act (§ 13.1-801 et seq.),establish a corporation for the purpose of aiding and assisting any membercredit union which is in liquidation or is experiencing financialdifficulties such as insolvency or nonliquidity, in order that the shares ofa member of a member credit union shall be protected; to provide insurancefor the shares of members of a member credit union in amounts, not less than$20,000, which shall be established from time to time by the corporation withthe approval of the Commission; and for the further purpose of cooperatingwith the Commission and member credit unions in maintaining and advancing thefinancial integrity of member credit unions. Except as otherwise hereinprovided, a corporation organized in accordance with this chapter shall havethe powers contained in the Virginia Nonstock Corporation Act, and shall besubject to the provisions thereof; and shall include in its corporate namethe words "Credit Union Share Insurance."

(1974, c. 587.)

Virginia Forms by Issue

Virginia Business Forms

Virginia Law

Virginia State Laws
    > Virginia Child Support
    > Virginia Gun Laws
    > Virginia Statutes
Virginia Court
    > Virginia Courts Case Information
Virginia Labor Laws
    > Jobs in Virginia
    > Library of Virginia
    > Virginia Governor
Virginia Tax
    > Virginia State Tax
Virginia Agencies
    > Better Business Bureau Virginia
    > DMV Virginia
    > Virginia Department of Corrections
    > Virginia Department of Health
    > Virginia Department of Social Services
    > Virginia Department of Taxation
    > Virginia Department of Transportation
    > Virginia Employment Commission
    > Virginia Retirement System

Virginia Court Map

Tips