Code of Virginia - Title 6.1 Banking And Finance - Section 6.1-225.19 Unlawful use of words

§ 6.1-225.19. Unlawful use of words "credit union"

It shall be unlawful for any person, partnership, association, corporation or organization, other than a credit union organized under the provisions of this chapter or any entity authorized by any federal law, and other than any association or corporation the owners, members or constituents of which consist exclusively of authorized state and federal credit unions or members of authorized state and federal credit unions, to use any name or title which contains the words "credit union." A violation of the provisions of this section shall be a Class 1 misdemeanor and may be enjoined by any court having equity jurisdiction over the unauthorized user.

(Code 1950, § 6-203; 1966, c. 584, § 6.1-224; 1990, c. 373; 1994, c. 13.)

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Last modified: April 2, 2009