§ 6.1-225.22. Amendment of powers by Commission
In addition to the powers specifically granted to credit unions by the provisions of this chapter, the Commission may by appropriate regulation amend the powers of state credit unions so as to allow them to have powers at least comparable to those granted to federal credit unions engaged in business in this Commonwealth or to effect the purposes of this chapter. Such regulations shall be effective upon their adoption, and shall continue in effect until amended or revoked by the Commission or superseded by action of the General Assembly of Virginia. The requirement of a public hearing shall not automatically apply to regulations promulgated under this section, but the Commission may hold such a hearing as it deems appropriate.
(1975, c. 34, § 6.1-200.2; 1988, c. 309; 1990, c. 373.)
Sections: Previous 6.1-225.15 6.1-225.16 6.1-225.17 6.1-225.18 6.1-225.19 6.1-225.20 6.1-225.21 6.1-225.22 6.1-225.23 6.1-225.23:1 6.1-225.24 6.1-225.25 6.1-225.26 6.1-225.27 6.1-225.28 NextLast modified: April 2, 2009