Va. Code § 6.2-1378

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

Section 6.2-1378 - Use of reserves

Losses may be charged to the reserve fund. Any sums recovered on items previously charged to it shall be credited to the reserve fund. No dividends shall be paid out of the reserve fund unless the fund, after such payment, exceeds the total amount required to be set aside in the regular reserve and special reserves of the credit union.

Va. Code § 6.2-1378

Code 1950, § 6-227; 1964, c. 75; 1966, c. 584, § 6.1-218; 1968, c. 560; 1984, c. 410; 1986, c. 146; 1990, c. 373, § 6.1-225.59; 2010, c. 794.

Amended by Acts 2010, § c. 794.

Amended by Acts 1990, § c. 373, § 6.1-225.59.

Amended by Acts 1986, § c. 146.

Amended by Acts 1984, § c. 410.

Amended by Acts 1968, § c. 560.

Amended by Acts 1966, § c. 584, § 6.1-218.

Amended by Acts 1964, § c. 75.