6.2-1307 - (Effective October 1, 2010) Use of credit union name, logo, or symbol for marketing purposes; penalty. - Virginia Statutes

§ 6.2-1307. (Effective October 1, 2010) Use of credit union name, logo, orsymbol for marketing purposes; penalty.

A. Except as provided in subsection B, no person shall use the name, logo, orsymbol, or any combination thereof, of a credit union, or any name, logo, orsymbol, or any combination thereof, that is deceptively similar to the name,logo, or symbol of a credit union, in marketing material provided to orsolicitation of another person in a manner such that a reasonable person maybelieve that the marketing material or solicitation originated from or isendorsed by the credit union or that the credit union is responsible for themarketing material or solicitation.

B. This section shall not apply to (i) an affiliate or agent of the creditunion or (ii) a person who uses the name, logo, or symbol of a credit unionwith the consent of the credit union.

C. Any person violating the provisions of this section, either individuallyor as an interested party, is guilty of a Class 1 misdemeanor.

D. This section shall not affect the availability of any remedies otherwiseavailable to a credit union.

(2005, c. 240, § 6.1-225.65; 2010, c. 794.)