Va. Code § 6.2-1358

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

Section 6.2-1358 - Share accounts

A. Every credit union may issue shares to and maintain share accounts for any member qualified pursuant to the credit union's bylaws.

B. Shares and share accounts may be withdrawn for payment to the account holder or to third parties in such manner and in accordance with such procedures as may be established by the board of directors.

C. Shares and share accounts shall be subject to any withdrawal notice requirement that may be imposed pursuant to the credit union bylaws.

Va. Code § 6.2-1358

Code 1950, § 6-214; 1956, c. 90; 1966, c. 584, § 6.1-206; 1968, c. 560; 1975, c. 33; 1990, c. 373, § 6.1-225.41; 2010, c. 794.

Amended by Acts 2010, § c. 794.

Amended by Acts 1990, § c. 373, § 6.1-225.41.

Amended by Acts 1975, § c. 33.

Amended by Acts 1968, § c. 560.

Amended by Acts 1966, § c. 584, § 6.1-206.

Amended by Acts 1956, § c. 90.